Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

AIR BERLIN PLC (AB1)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Air Berlin : Lufthansa receives board approval to buy up to 61 aircraft for Eurowings

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/29/2017 | 12:33pm CET

Germany-based Deutsche Lufthansa has received an approval from its supervisory board to purchase up to 61 aircraft for its low-cost airline subsidiary Eurowings.

A 1bn investment has also been approved for the purchase and leasing of the aircraft, which will include 41 Airbus A320 family and 20 Dash 8 Q400 aeroplanes.

The acquisition, however, is partially dependent upon Lufthansas successful bid to acquire parts of Air Berlin Group, which filed for insolvency last month.

The newly approved investment is set to be financed from existing liquid funds.

In the last few months, Lufthansa has taken 20 aircraft being flown by Eurowings as part of the current wet lease agreement with Air Berlin, as well as 15 aircraft through acquisition and five others leased with an option to purchase.

Deutsche Lufthansa executive board chairman Carsten Spohr said: "We now have the great opportunity to take a decisive step forward with Eurowings in Europe. The supervisory board and the executive board agree that we are determined to seize this opportunity.

With the approval of an additional investment framework for the acquisition of aircraft, the necessary preconditions have now been met.

For Eurowings, it will be a major challenge to cope with the rapid growth. I am particularly pleased that this will enable us to offer up to 3,000 new employees a secure perspective in the Eurowings Group.

Following necessary approval by relevant antitrust authorities, Eurowings can increase its fleet up to 81 aircraft.

The airline is estimated to require up to 3,000 new employees for performing cockpit and cabin operations.

(c) 2017 All Rights Reversed for Saudi Press Agency Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AIR BERLIN PLC
12/09 easyJet announces domestic services from Berlin Tegel
12/08 AIR BERLIN : EC concerned by Lufthansa's monopoly risk if Air Berlin purchase go..
12/07 Ryanair presses for Air Berlin slots and eyes potential German bases
12/07 EASYJET : passenger numbers up again
12/06 AIR BERLIN : Lufthansa to gain more slots despite offer to give up most Niki slo..
12/06 AIR BERLIN : Lufthansa to fly A340-600 aircraft between Munich and Berlin
12/05 European Union set to approve Easyjet buying slice of Air Berlin
12/04 EXCLUSIVE - EU SET TO APPROVE EASYJE : sources
12/04 EXCLUSIVE : EU set to approve easyJet purchase of parts of Air Berlin - sources
12/01 Ryanair seeks aircraft slots at Berlin-Tegel airport
More news
News from SeekingAlpha
09/25 WALL STREET BREAKFAST : Elections And Currencies
09/25 Lufthansa eyes Air Berlin assets
09/03 Kamakura Reports Stable Corporate Credit Quality In August
08/15 Air Berlin files for insolvency
07/28 Still Upside For Lufthansa?
Financials (€)
Sales 2017 3 114 M
EBIT 2017 -179 M
Net income 2017 -
Debt 2017 1 498 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 0,48x
EV / Sales 2018 0,46x
Capitalization 3,56 M
Chart AIR BERLIN PLC
Duration : Period :
Air Berlin Plc Technical Analysis Chart | AB1 | GB00B128C026 | 4-Traders
Technical analysis trends AIR BERLIN PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 1
Average target price 0,01 €
Spread / Average Target -67%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
AIR BERLIN PLC-94.47%4
DELTA AIR LINES, INC.6.51%38 116
RYANAIR HOLDINGS PLC22.19%24 528
AIR CHINA LTD.53.33%20 940
UNITED CONTINENTAL HOLDINGS INC-14.67%18 827
INTERNATIONAL CONSOLIDATED AIRLINES GROUP40.85%17 559