Air Berlin CEO sees two or three buyers for its assets

Dhaka,  Tue,  26 September 2017
Published : 20 Aug 2017, 21:35:29

Air Berlin CEO sees two or three buyers for its assets

BERLIN, Aug 20 (Reuters): Air Berlin has spoken with more than 10 parties interested in parts of the insolvent carrier and expects its assets will be divided up amongst two or three buyers, its chief executive told a German paper.

Talks began on Friday on carving up Air Berlin, which said on Tuesday it was filing for insolvency. German flag carrier Lufthansa was first in the queue for meetings, ahead of other potential bidders.

"We have spoken with more than 10 interested parties, among them several airlines," Thomas Winkelmann was quoted as saying in an advance excerpt of an interview to be published on Sunday in Bild am Sonntag.

Winkelmann said he wanted a sale to be done in September at the latest.

"There won't just be one, but two or three bidders," he said, adding the long-haul, business and leisure routes were too separate as business areas.

German Deputy Economy Minister Matthias Machnig said it would not be possible to secure the takeover of Air Berlin  as a whole. "The model of Air Berlin as an independent airline has failed," he told German radio station rbb InfoRadio.

Germany's Hans Rudolf Woehrl, who bought German airline Deutsche BA from British Airways for 1 euro, threw his hat in the ring for Air Berlin on Friday and said he wanted to keep it flying after buying it.
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