Air Berlin agrees to sell some Berlin Tegel operations for €40 million

By Caroline Salls

Pittsburgh, Oct. 30 – Air Berlin plc agreed to sell part of its operations at Berlin Tegel Airport to easyJet plc for €40 million, according to an easyJet news release.

The purchase price excludes potential start-up and transitional operating costs.

According to the release, the acquisition is subject to regulatory approvals and is expected to close in December.

easyJet said the acquisition will result in it entering into leases for up to 25 A320 aircraft, offering employment to Air Berlin flying crews and taking over other assets, including slots.

easyJet launched a recruitment campaign to attract around 1,000 of Air Berlin’s pilots and cabin crew, who will be recruited over the coming months and will then be trained on easyJet’s safety and operating procedures, the release said.

In line with easyJet’s business model, these employees will work on local, German contracts under collective labor agreements negotiated with ver.di.

easyJet said the acquisition will enable it to 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 would mean that easyJet would be the leading airline in Berlin.

The release said easyJet will operate a reduced timetable at Tegel during the winter season but plans to operate a full schedule from the summer season 2018.

Air Berlin is a German airline.

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