Lufthansa, Germany's iconic flag carrier, is snapping up the juicy bits of Air Berlin, including 81 aircraft and 3,000 employees. But there are a lot more planes and workers
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.
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.
Germany's biggest airline has been given EU clearance to buy up the assets of Air Berlin, which went bust earlier this year. The competition watchdog ordered the carrier to forgo some prized slots at Düsseldorf airport.
Germany's flag carrier is expanding rapidly after taking over a large part of the fleet of insolvent rival Air Berlin. The hiring spree will boost payrolls at both Lufthansa itself and its low-cost subsidiary Eurowings.
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