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EasyJet buys parts of Air Berlin

Staff Writer |
EasyJet has strengthened its position in Germany by agreeing to buy part of Air Berlin’s operations at Berlin Tegel airport.

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EasyJet said late on Friday it would enter into leases for up to 25 A320 aircraft, acquire take-off and landing slots, and offer jobs to staff, making the announcement shortly after Air Berlin’s final flight landed at Tegel.

The purchase price is 40 million euros ($46.43 million), but this does not include any transition costs and because Air Berlin planes are leased, those will have to be funded separately.

Air Berlin said on Saturday that the deal meant it had successfully closed all negotiations for its carve-up.

It added sale talks with EasyJet had been held since the early summer. The British carrier declined to comment on the timeline.

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