Aviation expert Jens Flottau discusses the fallout from Air Berlin's insolvency and the next step for the beleaguered airline, with Lufthansa waiting in the wings to acquire Germany's second biggest carrier.
Holiday travelers in Germany ought to brace themselves for an uncomfortable summer: Germany’s airline industry is suffering a sharp increase in delays and cancellations. Carriers face multi-million damage claims.
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.
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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