October 12, 2017 / 1:09 PM / 10 days ago

Lufthansa agrees to buy parts of insolvent Air Berlin

FRANKFURT (Reuters) - Lufthansa agreed to buy parts of insolvent German airline Air Berlin for around 210 million euros ($248.72 million), Air Berlin said on Thursday.

A Lufthansa airliner parks next to the Air Berlin aircraft at Tegel airport in Berlin, Germany, October 12, 2017. REUTERS/Hannibal Hanschke

The deal includes Air Berlin’s Austrian leisure travel airline Niki, its LG Walter regional airline and 20 further aircraft, its said in a statement, adding that the purchase price was subject to adjustments upon closing.

Negotiations with Britain’s easyJet and other bidders for other parts of the business are ongoing, Air Berlin said.

($1 = 0.8443 euros)

Reporting by Maria Sheahan; Editing by Arno Schuetze

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