Aviation news analysis
50 SKY SHADES - World aviation news

easyJet statement on acquisition of Air Berlin operations

Download: Printable PDF Date: 19 Dec 2017 07:11 category:
Publisher:
easyJet statement on acquisition of Air Berlin operations - Airlines publisher
Krista Kuznecova
Aircraft: Airplanes Airline: EasyJet

easyJet can confirm that it has acquired part of Air Berlin's operations at Berlin Tegel Airport. The acquisition will result in easyJet operating 25 aircraft from Berlin Tegel Airport. The agreement includes easyJet leasing former Air Berlin aircraft, taking over other assets including slots, and offering employment to former Air Berlin flying crew.

Johan Lundgren, CEO of easyJet, commented:

"We are really pleased that we have reached this milestone.

"easyJet looks forward to building on the presence we already have in Berlin to bring more choice and lower fares to consumers and support more economic growth in the states of both Berlin and Brandenburg.

"This move is consistent with easyJet's strategy of purposeful investment in strong number one positions in Europe's leading airports. As a result of our acquisition, easyJet will operate the leading short haul network at Tegel connecting passengers to and from destinations across Germany and the rest of Europe. This is in addition to easyJet's existing base at Berlin Schönefeld and means that easyJet will be the leading airline to and from Berlin."

Citigroup Global Markets Limited acted as financial adviser and Clifford Chance LLP as legal advisor to easyJet on the transaction.

Image result for air berlin tegel airport



Loading comments for easyJet statement on acquisition of Air Berlin operations...


Recommended

Expanded Heathrow would lead to lower fares and new UK and European routes

easyJet, the UK’s largest airline, confirmed today at the Heathrow Connectivity Conference that the expansion of Heathrow Airport would allow the entry of low cost carriers to the airport at sca...

Air Partner Remarketing Market Update

Air Partner’s Russ Hubbard comments on the Remarketing division’s recent activity and the current market for aircraft sales and leasing Recent Remarketing activity The first half of...

Boeing Delivers First 737 MAX to Jet Airways

Boeing and Jet Airways celebrated the delivery of the airline's first 737 MAX airplane. Jet Airways will be first Indian carrier to fly the new and improved 737 airplane, which delivers a double-d...

Rock Seven and Blue Sky Network partner to deliver asset tracking at sea, on land and in air

Rock Seven, a communications technology and services developer renowned for the dependability and user-friendliness of its Iridium-based satellite tracking systems, has struck a partnership with indus...