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

Avolon firms up order for 100 A320neo Family aircraft

Dublin, Ireland headquartered aircraft lessor Avolon has firmed up an order for 75 A320neos and 25 A321neos. The agreement is the single largest order for Airbus aircraft ever placed by Avolon. The...

Boeing Forecasts Continued Health and Growth for Aircraft Financing in 2019

Financing industry to provide approximately $143 billion in aircraft funding in 2019 Financing requirements to grow to more than $180 billion over next five years Funding continues to be balance...

Satcom Direct names Evgeniy Pashkov regional director EEMEA

Satcom Direct, the business aviation solutions provider, has appointed Evgeniy Pashkov as regional director for EEMEA. In his new role, Evgeniy will oversee SD’s sales and business developm...

GULFSTREAM TO DEBUT CLASS-LEADING G500 AND G600 AT MEBAA SHOW 2018

Gulfstream Aerospace Corp. announced the all-new, clean-sheet Gulfstream G500 and Gulfstream G600 will make their first appearance at the Middle East and North Africa Business...