Lufthansa agrees to buy parts of insolvent Air Berlin

FRANKFURT (Reuters) - Lufthansa agreed to buy parts of insolvent German airline Air Berlin for around 210 million euros ($248.72 million), Air Berlin said on Thursday.
The deal includes Air Berlin's Austrian leisure travel airline Niki, its LG Walter regional airline and 20 further aircraft, its said in a statement, adding that the purchase price was subject to adjustments upon closing.
Negotiations with Britain's easyJet and other bidders for other parts of the business are ongoing, Air Berlin said.
($1 = 0.8443 euros)
(Reporting by Maria Sheahan; Editing by Arno Schuetze)
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 12 2017 | 6:39 PM IST
