Potential buyers of airberlin have until September 15 to submit their offers to the airline that filed for insolvency last month after funding from Etihad Airways was pulled. AirBerlin started negotiations with potential bidders last week.

“Airberlin will complete the investor process quickly,” said a spokesperson for the airline.

Sources estimate that a buyer (or buyers) for the airline will probably be picked by the end of September. Airlines interested in buying parts of airberlin currently include Lufthansa, Condor, and easyJet. Ryanair pulled its offer on Wednesday and is currently considering buying part of Alitalia.

Condor is in “the process of preparing a concrete offer” according to sources. The airline says that, though it is considering long haul routes, it is mostly concerned with short routes. BZ Berlin reports that Condor representatives are currently reviewing airberlin’s books.

“Thomas Cook and Condor are ready to play an active role in possible recovery solutions,” said a statement released by Condor, which is a subsidiary of Thomas Cook. “It is important that these are permissible in the long term and in the field of antitrust law.”

Lufthansa says that it has presented a term-sheet to airberlin which sets out its interests in taking over part of the airline. The German flag carrier’s proposal would see it taking over Niki, airberlin leisure airline. Lufthansa also plans to take additional airberlin planes for a sum of money in the low hundreds of millions of euros.

Lufthansa was one of the first airlines to submit an offer for parts of AirBerlin.
Photo Source: Handelsblatt Global Edition

Though easyJet seems interested in buying part of airberlin, it has so far declined to comment on the topic.

Meanwhile, Niki Lauda, former F1 driver, has also expressed interest in buying Niki, which he once owned. Niki became a full part of airberlin in 2011.

airberlin currently has a loan from the German government to keep its planes flying for three months.

This is a developing story. Check Layoverhub for new articles as more information is released.

Featured image from the BBC.

Categories: Industry Talk