Bankrupt airline Air Berlin is on the auction block as European carriers are eager to take over the company's lucrative parts. But the airline's future may go through the courts before any final offers are authorized.
Benefiting from low fuel costs, strong demand and the collapse of Air Berlin, the German flag carrier has reported record profits for 2017. But the air is getting thinner at the top of the European aviation business.
Italy's government is leaning toward Germany's flagship carrier as the number one candidate to take over the country's insolvent airline Alitalia, with a minister calling Lufthansa's bid the "most promising."
Irish budget carrier Ryanair has announced it's buying a stake in new Austrian leisure airline Laudamotion. The move will help Ryanair secure a bigger foothold in Germany and Austria where it competes with Lufthansa.
From chocolate hearts to leather seats, Air Berlin fans have thousands of items to bid on. The items are expected to have cult status among collectors, according to the auction house's managing director.
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