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MarketScreener Homepage  >  Equities  >  Xetra  >  Air Berlin Plc    AB1   GB00B128C026

AIR BERLIN PLC (AB1)
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Air Berlin extends maintenance business bid deadline again

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10/06/2017 | 02:28pm CEST
An AirBerlin aircraft takes off from Duesseldorf airport

BERLIN (Reuters) - Air Berlin (>> Air Berlin Plc) has extended the bid deadline for its maintenance division to allow potential buyers to adapt their offers depending on the outcome of talks for its other assets.

BERLIN (Reuters) - Air Berlin (>> Air Berlin Plc) has extended the bid deadline for its maintenance division to allow potential buyers to adapt their offers depending on the outcome of talks for its other assets.

The airline filed for insolvency in August and is in talks with Lufthansa (>> Deutsche Lufthansa) and easyJet (>> EasyJet) over a carve-up of assets such as aircraft, take-off and landing slots and crew.

Those talks are due to run until Oct. 12 and bids for the maintenance unit Air Berlin Technik will now be taken in the week beginning Oct 16, a spokesman for Air Berlin said. Bids for the maintenance business had been due in on Friday.

"This gives the bidders a better chance to see how the process develops for Air Berlin and to adapt their offers for Air Berlin Technik accordingly," he said.

The maintenance unit has around 850 full-time equivalent positions, or around 1,200 staff, a spokesman said.

Germany family-owned logistics firm Zeitfracht has expressed interest in the unit.

(This version of the story corrects number of employees in paragraph 5.)

(Reporting by Klaus Lauer; Writing by Victoria Bryan; Editing by Alexander Smith)

Stocks treated in this article : Deutsche Lufthansa, Air Berlin Plc, EasyJet
Stocks mentioned in the article
ChangeLast1st jan.
AIR BERLIN PLC 0.00%-End-of-day quote.-18.42%
EASYJET -1.04% 1068 Delayed Quote.-18.89%
LUFTHANSA GROUP -3.20% 17.95 Delayed Quote.-39.52%
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Income Statement Evolution
Managers
NameTitle
Thomas Winkelmann Chief Executive Officer & Executive Director
Gerd Becht Chairman
Oliver Iffert Chief Operating Officer
Courtelis Dimitri Chief Financial Officer
Joachim Edmund Hunold Co-Vice Chairman
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