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.
Austrian airline Niki has filed for bankruptcy protection after German carrier Lufthansa withdrew its takeover bid for the former Air Berlin subsidiary. Now passengers are stranded across Europe.
Germany's flagship carrier has reportedly addressed EU competition concerns over its planned takeover of insolvent rival Air Berlin, offering to give up a substantial number of airport starting and landing slots.
Aviation watchers will know it has been a challenging year in European skies. UK airline easyJet has felt the squeeze like many of its rivals. Yet it's bullish about the future despite a sharp fall in profits.
The German airline has faced its moment of truth as a fierce bidding war has basically closed. Wildcat strikes by pilots had complicated talks on the break-up of the carrier that filed for bankcruptcy protection.
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