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FRANKFURT: Insolvent German airline Air Berlin aims to strike deals to sell assets to two or more buyers by the end of September, before a government loan keeping its planes in the air runs out, its chief executive said.
The group is in talks with a total of three aviation firms, including Lufthansa, German newspaper Frankfurter Allgemeine Zeitung quoted Thomas Winkelmann as saying in its Thursday edition.
All three are 鈥渞eputable in terms of their finances, sufficiently large to offer Air Berlin a secure future and are interested in keeping Germany as a base of operations鈥�, he said, without naming any of the interested parties.
Air Berlin, Germany鈥檚 second-largest airline, filed for bankruptcy protection on Tuesday after key shareholder Etihad Airways withdrew funding following years of losses, leaving valuable runway slots up for grabs.
The insolvency comes with thousands of Germans enjoying summer holidays, and just ahead of a September general election.
The German government granted a bridging loan of 鈧�150 million (SR658.69 million) to allow Air Berlin to keep its planes in the air for three months and secure the jobs of its 7,200 workers in Germany while negotiations go on.
The move offers Lufthansa and rivals a chance to acquire slots at airports such as Berlin Tegel and Duesseldorf, with Germany鈥檚 largest airline keen to defend its domestic position against expansion by low-cost rival Ryanair.
According to Winkelmann, the negotiations also include assets of Air Berlin unit Niki, which Etihad had agreed to buy for 鈧�300 million earlier this year.
RedaktionsNetzwerk Deutschland, a group which represents German newspapers, cited government sources as saying that Lufthansa, its budget carrier Eurowings and Condor would likely snap up Air Berlin鈥檚 most valuable landing slots.
It said a few slots could also go to Ryanair, which has filed a complaint with German and European Union competition authorities over the insolvency process, which its chief executive describes as a 鈥渃onspiracy鈥�.
Lufthansa has confirmed it is in talks to take over parts of Air Berlin鈥檚 business, while a source has said easyJet was also part of the negotiations.
Thomas Cook鈥檚 German airline Condor said on Wednesday it was ready to play 鈥渁n active role鈥� in Air Berlin鈥檚 restructuring, without being more specific.