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Lufthansa CEO: prepared to give up most of Niki slots to get EU approval

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - is prepared to give up large part of carrier Niki's airport slots in order to get approval for the of the unit, its chief executive said on Monday.

is also planning to buy unit LGW plus take on other planes from the insolvent carrier but the Commission, which is concerned about Lufthansa's potential dominance in Germany as result of the plan, last week extended its deadline for decision on the deal to Dec. 21.

"We will take over Niki with virtually no slots, if that means we get approval from the European Commission," Carsten Spohr said on Monday at press briefing in Frankfurt.

Spohr said was in very constructive talks with the authorities but was working on Plan B should the deal fail.

He said that could also grow organically by finding 20 planes itself, rather than via the Niki takeover.

In contrast, British budget carrier easyJet's plans to buy part of Berlin's operations at Tegel are expected to be approved without concessions, sources told on Monday.

(Reporting by Patricia Weiss; Writing by Victoria Bryan; Editing by Christoph Steitz)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 04 2017. 17:44 IST