Are layoffs just around the corner? Air Berlin ground crews could soon be out of jobs. Press reports now say the bankrupt airline is dropping all of its long-haul flights beginning October15th.
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."
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.
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.
Austrian carrier Niki has been sold back to its founder, ex-Formula One champion Niki Lauda. He had signaled for months that he would be interested in once again owning the former subsidiary of insolvent Air Berlin.
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