Thomas Winkelmann, the Chief Executive Officer of Air Berlin PLC (XTRA:AB1) recently said that talks over Air Berlin's remaining assets will continue over the weekend, with the goal of presenting a proposal to the insolvent German carrier's creditors on October 24, 2017. Air Berlin filed for insolvency in August and is being carved up among several buyers. Deutsche Lufthansa Aktiengesellschaft (BUSE:LUFTHANSA) has already agreed to buy large parts of the airline.

The group had set a deadline of today for exclusive talks to sell up to 25 A320 aircraft to Britain's EasyJet as well as to find a buyer for Air Berlin's cargo marketing businesses and aircraft maintenance businesses. Reportedly, family-owned firm Zeitfracht Beteiligungs GmbH and maintenance group Nayak were together poised to strike a deal to buy the cargo marketing platform and maintenance units.