50 SKY SHADES - World aviation news

Ryanair's O'Leary would be interested in buying all of Air Berlin

Download: Printable PDF Date: 23 Aug 2017 07:52 (UTC) category:
Publisher:
Ryanair's O'Leary would be interested in buying all of Air Berlin - Airlines publisher
Dana Ermolenko
Aircraft: Airplanes Airline: Air Berlin
Source: Reuters

Ryanair would be interested in bidding for the whole of insolvent German carrier Air Berlin, but it needs access to more data on the airline's finances, Chief Executive Michael O'Leary told Reuters.

"We would be very happy to bid for the whole of Air Berlin, which is generally a short-haul, domestic, intra-EU carrier," O'Leary said by telephone.

"But we don't know how much restructuring it will take, how much money is it losing, why is it losing so much money in a market where we make money," he said.

O'Leary complained that the Air Berlin insolvency process is a "stitch-up" to help strengthen Lufthansa. "What's going to be left by the time Lufthansa completes the discussions?" he asked, referring to comments last week that Lufthansa was first in line for talks.

Image result for Ryanair's O'Leary would be interested in buying all of Air Berlin





Recommended

Alaska Airlines announces new nonstop service to Athens and Paris, connecting Seattle to more of the world

Alaska Airlines is bringing the West Coast and Europe closer than ever with new nonstop service from Seattle to Athens and Paris, two of the world’s most iconic destinations that rank among the...

United completes phase one expansion of world's largest pilot training facility

United and CAE celebrated the first phase of expansion at the world's largest pilot training facility, adding 40 new CAE training devices (a combination of full-motion and fixed simulators) since...

Horizon Airways doubles down on fleet modernization with order for second Tecnam P2012 STOL

Queensland-based Horizon Airways has signed an order for a second Tecnam P2012 STOL aircraft. Slated to join the Australian fleet by the end of 2026, this subsequent order rapidly...

FL Technics adds 4 new aircraft approvals in UAE expanding wide-body portfolio

FL Technics subsidiary FL Technics LLC, which provides Line Maintenance services across the Middle East, has expanded its approved capabilities by adding Airbus A350, Boeing 777, Boeing 787, and Boein...

Android Apps development in Riga, Latvia