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

AIR BERLIN PLC (AB1)
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Air Berlin extends maintenance business bid deadline again

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10/06/2017 | 02:28pm CET
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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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 3,27 M
Chart AIR BERLIN PLC
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Mean consensus UNDERPERFORM
Number of Analysts 1
Average target price 0,01 €
Spread / Average Target -64%
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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