VIENNA (Reuters) – Former motor racing driver Niki Lauda will table an offer you for parts of bancrupt airline Air Berlin (AB1.DE) alongside one another with Thomas Cook’s (TCG.L) German provider Condor, Lauda instructed Austrian newspaper Kurier on Wednesday.
Lauda holds fifty one p.c of the consortium which will bid for 21 Airbus A320 and A321 planes of Air Berlin’s subsidiary Niki – formerly owned by Lauda – as well as seventeen additional aircraft flying under the Air Berlin banner, according to Kurier’s on line edition.
The consortium strategies to assistance small and medium haul flights to tourism very hot places, earning use of Condor’s skills in that sector.
“As we have explained earlier, Thomas Cook dinner and its leisure airline Condor stand all set to participate in an lively purpose in the restructuring of Air Berlin and its subsidiary Niki. Plainly, we will take a look at all selections,” explained a Thomas Cook dinner spokesman.
A spokeswoman for Lauda confirmed the Kurier report.
Air Berlin, Germany’s second-most important airline, is set to be carved up, most likely among the numerous consumers, with binding features thanks on Friday.
The airline filed for bankruptcy safety last thirty day period just after its most important shareholder, Etihad Airways, withdrew funding pursuing several years of losses.
Air Berlin had to cancel flights on Tuesday and Wednesday just after pilots called in sick in unusually significant quantities, a shift witnessed as a protest about task uncertainty but potentially complicating endeavours to rescue the bancrupt provider.
Kurier quoted Lauda as expressing he did not comprehend why the pilots “were accelerating a bankruptcy ahead of Air Berlin is marketed.”
Germany’s most important airline, Lufthansa, is witnessed in pole placement to acquire massive parts of its rival and a decision on the bids arrive could as early as Sept. 21, a few times ahead of Germany’s nationwide election.
A single source has instructed Reuters that Lufthansa is intrigued in as several as ninety of Air Berlin’s planes. That amount consists of the 33 getting made use of by Eurowings, five presently leased to Lufthansa’s Austrian Airways as well as planes made use of by Air Berlin subsidiary Niki, the source explained.
Media studies explained British provider easyJet (EZJ.L) may perhaps want up to 40 planes.
Aviation trader Hans Rudolf Woehrl explained he had submitted a bid for the whole of Air Berlin when German spouse and children-owned logistics company Zeitfracht has also expressed desire.
Air Berlin has also attracted purchaser desire from China’s LinkGlobal Logistics, German newspaper Bild documented on Wednesday.
Reporting By Shadia Nasralla, Victoria Bryan in Berlin Enhancing by Susan Fenton