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

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EU regulators to rule on easyJet, Air Berlin deal by Dec. 12

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11/08/2017 | 12:20pm CET
EasyJet Commercial passenger aircraft takes off in Colomiers near Toulouse, France

EU antitrust regulators will rule by Dec. 12 whether to allow British budget carrier easyJet (>> EasyJet) to acquire parts of failed German airline Air Berlin's (>> Air Berlin Plc), the European Commission said on Wednesday.

EU antitrust regulators will rule by Dec. 12 whether to allow British budget carrier easyJet (>> EasyJet) to acquire parts of failed German airline Air Berlin's (>> Air Berlin Plc), the European Commission said on Wednesday.

EasyJet filed for approval on Tuesday, according to the EU competition authority's website. The regulator can either clear the deal with or without demanding concessions or open a full-scale investigation of about four months if it has major concerns.

The deal includes easyJet taking on some of Air Berlin's operations at Tegel airport in the German capital, covering leases for up to 23 A320 aircraft and around 1,000 of its pilots and cabin crew.

The Commission is also reviewing Lufthansa's (>> Deutsche Lufthansa) planned purchase of other parts of Air Berlin, with a decision due by Dec. 7. Lufthansa is expected to offer concessions, with the decision then likely to be extended by 10 working days.

(Reporting by Foo Yun Chee; Editing by Mark Potter)

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 4,09 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 -71%
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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