EasyJet agrees €40m deal for Air Berlin assets

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EasyJet has struck a €40m deal with Air Berlin to buy part of the insolvent German airline’s operations.

 

Budget airline easyJet says it has reached an agreement with Air Berlin to buy parts of the bankrupt German airline as part of a €40m deal.

 

The British airline will take on the leases of 25 Airbus A320 aircraft, as well as take-off and landing slots at Berlin Tegel Airport.

 

The jobs of 1,000 Air Berlin pilots and crew will be saved by the deal.

 

Air Berlin filed for administration in August after its largest shareholder Etihad declared it would not be providing further financial support.

 

The airline, Germany’s second-biggest, ended operations after 38 years with a Friday evening Munich to Berlin flight.