Aviation news analysis
50 SKY SHADES - World aviation news

Lufthansa deal to lease Air Berlin planes approved by German watchdog

Download: Printable PDF Date: 30 Jan 2017 13:02 category:
Publisher:
Lufthansa deal to lease Air Berlin planes approved by German watchdog - Airlines publisher
Krista Kuznecova
Country: Germany Aircraft: Airplanes Airline: Lufthansa
Source: Reuters

The German cartel office on Monday approved plans by Lufthansa to lease 38 crewed planes from smaller rival airberlin.

The deal, agreed last year, brings a much needed financial lifeline to loss-making airberlin, which is part-owned by Abu Dhabi-based Etihad Airways, and allows Lufthansa to quickly expand its Eurowings budget unit.

Rival carrier Ryanair had raised objections to the deal, with CEO Michael O’Leary telling Reuters it was a "fig leaf" to mask Lufthansa’s acquisition of its main domestic competitor.

The cartel office said on Monday that the wet lease deal had to be viewed differently to a takeover and that Lufthansa was only taking on planes, but not slots.

"Lufthansa has the chance to expand with these planes but that growth is not enough to block the deal," Andreas Mundt, head of the cartel office, said in a statement.

Lufthansa’s chief executive Carsten Spohr will be in Abu Dhabi on Wednesday for a joint press conference with Etihad group chief executive James Hogan. No details have been provided ahead of the event.



Loading comments for Lufthansa deal to lease Air Berlin planes approved by German watchdog...


Recommended

Boeing, VietJet Sign Agreement for 100 737 MAX Airplanes

Agreement includes 80 737 MAX 10s, which would be largest commitment in Asia Deal to double Vietnamese carrier's 737 MAX fleet to 200 Boeing and VietJet signed a Memorandum of Unde...

Airbus Helicopters and the Ukrainian Ministry of Interior sign for 55 helicopters

Following the Intergovernmental Agreement signed between France and Ukraine on 8 June, Airbus Helicopters has signed a contract with the Ukrainian Ministry of Interior for the purchase of 55 civil hel...

AW169 helicopter grows stronger in UK EMS market with selection by Magpas Air Ambulance

• Specialist Aviation Services (SAS) will customise and operate an AW169 on behalf of Magpas Air Ambulance starting from spring 2019    • This will be the ninth UK-based AW169 f...

DC Aviation Al-Futtaim expands managed aircraft fleet

DC Aviation Al-Futtaim (DCAF) has added another Bombardier Challenger aircraft to its managed fleet.  The management contract will see DCAF provide full Flight Operational Aircraft Management...