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

Real-time Quote. Real-time Tradegate - 10/20 08:45:09 am
0.155 EUR   -0.64%
10/18 AIR BERLIN : pilots suspended after farewell fly-by
10/18 Higher costs prompt Flybe profit warning in tough year for airlin..
10/18 EASYJET BOSS : M&A trumps long-haul
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Air Berlin extends maintenance business bid deadline again

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10/06/2017 | 02:28pm CEST
An AirBerlin aircraft takes off from Duesseldorf airport

Air Berlin (>> Air Berlin Plc) has extended the bid deadline for its maintenance division to allow potential buyers to adapt their offers depending on the outcome of talks for its other assets.

Air Berlin (>> Air Berlin Plc) has extended the bid deadline for its maintenance division to allow potential buyers to adapt their offers depending on the outcome of talks for its other assets.

The airline filed for insolvency in August and is in talks with Lufthansa (>> Deutsche Lufthansa) and easyJet (>> EasyJet) over a carve-up of assets such as aircraft, take-off and landing slots and crew.

Those talks are due to run until Oct. 12 and bids for the maintenance unit Air Berlin Technik will now be taken in the week beginning Oct 16, a spokesman for Air Berlin said. Bids for the maintenance business had been due in on Friday.

"This gives the bidders a better chance to see how the process develops for Air Berlin and to adapt their offers for Air Berlin Technik accordingly," he said.

The maintenance unit has around 850 full-time equivalent positions, or around 1,200 staff, a spokesman said.

Germany family-owned logistics firm Zeitfracht has expressed interest in the unit.

(This version of the story corrects number of employees in paragraph 5.)

(Reporting by Klaus Lauer; Writing by Victoria Bryan; Editing by Alexander Smith)

Stocks treated in this article : Deutsche Lufthansa, Air Berlin Plc, EasyJet
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Latest news on AIR BERLIN PLC
10/19 AIR BERLIN : fly-past investigation
10/18 AIR BERLIN : pilots suspended after farewell fly-by
10/18 Higher costs prompt Flybe profit warning in tough year for airlines
10/18 EASYJET BOSS : M&A trumps long-haul
10/18 AIR BERLIN : AirBerlin demise to be Eurowings' €1bn sales gain
10/17 EASYJET SEES NO NEED TO ENTER LONG-H : Ceo
10/17 AIR BERLIN : Eurowings sees 1 billion euro revenue boost from Air Berlin deal
10/17 Lufthansa, easyJet among seven bidders for ailing Alitalia
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10/16 AIR BERLIN : Oman Air CEO resigns
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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 0,49x
EV / Sales 2018 0,46x
Capitalization 18,2 M
Chart AIR BERLIN PLC
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Air Berlin Plc Technical Analysis Chart | AB1 | GB00B128C026 | 4-Traders
Technical analysis trends AIR BERLIN PLC
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Mean consensus UNDERPERFORM
Number of Analysts 1
Average target price 0,01 €
Spread / Average Target -94%
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
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