Deutsche Lufthansa Aktiengesellschaft (DB:LHA) is reportedly poised to agree a deal to buy assets from insolvent Air Berlin PLC (XTRA:AB1). Reportedly, Lufthansa is set to buy Air Berlin's Niki leisure unit, its LG Walter regional airline and some additional short-haul aircraft. "The deal with Lufthansa is done, there is agreement," said a person familiar with the development, adding that no contract had been signed yet.

Lufthansa declined to say whether it was set to sign a deal, saying only it was confident it would meet the deadline for negotiations.