By Humphrey Manusiwa [CC BY-SA 3.0] via Wikimedia Commons
This morning, Easyjet confirmed that it had acquired a substantial part of the German operations of the collapsed carrier Air Berlin.
The FTSE 100 company said that it would lease twenty-five (25) former aircraft of Air Berlin, take control of landing and take-off slots, and offer jobs to former some former employees of the collapsed airline.
Earlier this year, Air Berlin failed after owner Etihad pulled out its financial support.
Johan Lundgren, the new Easyjet boss, stated: “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.”
Lundgren added: “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.”
The financial adviser of Easyjet on the transaction was Citigroup with the legal support of Clifford Chance.