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Lufthansa set to sign Air Berlin deal today, says CEO

Staff Writer | October 12, 2017
Lufthansa will sign a deal on Thursday to buy parts of insolvent Air Berlin, Lufthansa chief executive Carsten Spohr said.
Carsten Spohr
Airline   Air Berlin has struggled to turn a profit
Air Berlin, which has struggled to turn a profit over the last decade, filed for insolvency on August 15, and a government loan has kept its planes in the air while its administrator negotiates with prospective buyers for various parts of the business.

Spohr said on Thursday he expected Lufthansa’s imminent deal with Air Berlin would get European Union approval by the end of the year.

EasyJet, which has a base at Berlin’s Schoenefeld airport, has been discussing acquiring 27 to 30 planes, though a media report earlier this week said talks could fail.