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4-Traders Homepage  >  Equities  >  Xetra  >  Air Berlin Plc    AB1   GB00B128C026

AIR BERLIN PLC (AB1)
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Air Berlin : Austrian competition authority concerned about Lufthansa monopoly in Vienna

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10/13/2017 | 09:39am CEST
Lufthansa airliners park at Tegel airport in Berlin

VIENNA (Reuters) - Austria's competition authority BWB sees Lufthansa gain anti-competitive dominance on many routes in Vienna after the agreed takeover of Air Berlin's (>> Air Berlin Plc) Niki unit and plans to voice its concerns in Brussels, a spokeswoman said on Friday.

VIENNA (Reuters) - Austria's competition authority BWB sees Lufthansa gain anti-competitive dominance on many routes in Vienna after the agreed takeover of Air Berlin's (>> Air Berlin Plc) Niki unit and plans to voice its concerns in Brussels, a spokeswoman said on Friday.

The German airline signed a 210 million euro ($249 million)deal to buy large parts of insolvent Air Berlin on Thursday, which includes the takeover of the Austrian leisure airline.

"We see an anti-competitive Lufthansa monopoly in Vienna on many routes after the takeover of Fly Niki," the competition authority's spokeswoman said. "We will voice our concern about the takeover at the European Commission."

(Reporting by Kirsti Knolle; Editing by Shadia Nasralla)

Stocks treated in this article : Deutsche Lufthansa, Air Berlin Plc
Stocks mentioned in the article
ChangeLast1st jan.
AIR BERLIN PLC 5.08% 0.031 Delayed Quote.-18.42%
LUFTHANSA GROUP 0.00% 21.32 Delayed Quote.-30.60%
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Chart AIR BERLIN PLC
Duration : Period :
Air Berlin Plc Technical Analysis Chart | AB1 | GB00B128C026 | 4-Traders
Income Statement Evolution
Managers
NameTitle
Thomas Winkelmann Chief Executive Officer & Executive Director
Gerd Becht Chairman
Oliver Iffert Chief Operating Officer
Courtelis Dimitri Chief Financial Officer
Joachim Edmund Hunold Co-Vice Chairman
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