The Lufthansa Group has opened talks with rival carrier and Etihad Airways equity partner, Air Berlin, over the possible transfer of an undisclosed number of the latter’s routes to Eurowings.
The German Daily Handelsblatt says Lufthansa has focused on the acquisition of forty leased aircraft as well as routes that do not originate at either of Air Berlin’s main hubs (Düsseldorf and Berlin Tegel).
The talks are slated to end by October.
Air Berlin’s financial woes are no secret with it having reported a EUR446.6 million loss in 2015, deepened from a EUR376.7 million loss the year before. For the first quarter of this year, Air Berlin reported an improved financial net loss of EUR182.3 million (USD206.2 million), narrowed from a EUR210.1 million loss for the same period last year.