Germany's second biggest airline Air Berlin, filed for insolvency on Tuesday. The German government has stepped in to secure the airline for three months with a 150-million-euro loan.
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.
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 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.
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