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Lufthansa may offer $239 mn for insolvent Air Berlin assets: Source

Berlin government granted Air Berlin a 150-million-euro bridging loan to keep the airline flying for three months

Reuters  |  Frankfurt 

A Lufthansa bid price of 200 million euros ($239 million) to buy assets from insolvent Air Berlin plus 100 million euros to meet operating costs is roughly correct, a source familiar with the talks said on Sunday. The newspaper Bild am Sonntag earlier reported the figures, citing sources close to the proceedings. The newspaper said that there could be three months between signing a purchasing contract and implementing the transaction because German and European competition authorities would need to vet any deal. After it filed for insolvency last month the Berlin government ...

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First Published: Sun, September 24 2017. 17:44 IST