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Air Berlin finds buyer for cargo marketing unit
October 24, 2017 / 12:29 PM / 2 months ago

Air Berlin finds buyer for cargo marketing unit

BERLIN (Reuters) - Family-owned Zeitfracht has agreed a deal to buy Air Berlin’s (AB1.DE) cargo marketing platform Leisure Cargo for an undisclosed price, the insolvent airline said on Tuesday.

FILE PHOTO: A Lufthansa airliner taxis next to the Air Berlin aircraft at Tegel airport in Berlin, Germany, October 12, 2017. REUTERS/Hannibal Hanschke/File Photo

Air Berlin filed for insolvency on Aug. 15 and a government loan has kept its planes in the air while administrators seek investors for parts of the business.

    Zeitfracht also remains in talks with a consortium for the airline’s maintenance unit and said in the statement it hoped these talks could be concluded soon.

    Several people familiar with the matter told Reuters last week that Zeitfracht and maintenance group Nayak were together poised to strike a deal to buy the cargo marketing platform and maintenance units.

    Lufthansa (LHAG.DE) is buying a large part of Air Berlin assets, and talks with easyJet (EZJ.L) over other airline operations, predominantly at Berlin’s Tegel airport, are ongoing.

    Reporting by Victoria Bryan; Editing by Christoph Steitz

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