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Airlines are going out of business but the current consolidation in European aviation is "long overdue" say experts. More change is coming, but, overall, things look good for consumers as competition stays fierce.
Germany's Lufthansa Group looks set to expand, even as some rival airlines cut back or fall into bankruptcy. It has set its sights on becoming a leading global player. But air travel markets remain fiercely competitive.
Lufthansa has confirmed it will purchase large parts of insolvent airline Air Berlin. The deal will see Lufthansa take on several parts of the Air Berlin business, as well as taking on 3,000 Air Berlin workers.
Insolvent German airline Air Berlin hopes to secure the jobs of most of its employees as a result of ongoing negotiations and expected sales of its assets to competitors Lufthansa and easyJet.
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