Lufthansa chief Carsten Spohr said Germany's largest carrier will take over 81 of Air Berlin's 140 leased aircraft and 3,000 of its roughly 8,000 employees, while investing €1.5 billion ($1.8 billion).
Spohr said that both airlines will sign the agreement later in the day in Berlin.
Mr. Spohr said that he expects that it will take up to one year for Lufthansa to fully integrate Air Berlin's aircraft and teams.
German airline Air Berlin filed for bankruptcy on August 15 after its main shareholder, Etihad, said it would not give further financial support.
Gujarat, Himachal Pradesh election dates to be announced today
The Election Campaign is likely to announce the dates for the assembly elections in Gujarat and Himachal Pradesh by 4 pm today. The Election Commission is set to announce elections to the Gujarat and Himachal Pradesh assemblies on Thursday evening.
In 2016, Air Berlin showed a record 782 million euros in losses - a 75 per cent increase compared to 2015 - which the company attributed to restructuring costs and depreciation.
EasyJet reportedly has been discussing acquiring 27 to 30 planes.
However, Air Berlin chief executive Thomas Winkelmann said last week the agreement would need a green light from European authorities in a process that might take "several weeks or months". The German government provided a bridging loan to allow all flights to operate, with all Air Berlin flights winding up by 28 October, as talks over its asset sales are set to wrap up today.
Analysts at Bernstein Research raised their rating on Lufthansa's shares to "outperform" from "market-perform", saying they expected a deal with Air Berlin to add around 70 to 90 million euros to annual operating profits at Lufthansa's budget unit Eurowings in the medium term. The airline carried some 80,000 people a day mostly on short-haul destinations.
ValuEngine upgraded Brandywine Realty Trust from a "hold" rating to a "buy" rating in a report on Friday, September 1st. Following the sale, the director now owns 64,948 shares of the company's stock, valued at approximately $1,092,425.36.
Sharad Pawar's NCP won 10 seats, AIMIM won 11, one seat was won by an independent candidate and two more by other parties. The counting of votes for the election results of Nanded Waghala Municipal Corporation polls is underway.
On August 24 Credit Suisse made no change to the company rating of "Outperform" and raised the price target from $80.00 to $83.00. The expected LOW's profit could reach $849.50M giving the stock 20.12 P/E in the case that $1.02 earnings per share is reported.
After $2.46 actual EPS reported by UnitedHealth Group Inc for the previous quarter, Wall Street now forecasts 4.47% EPS growth. UnitedHealth Group Incorporated's average Free Cash Flow per Share Growth Rate was 44.5 percent during the past 12 months.
The unforgettable double murder case of Noida that still gives goosebumps to the listeners is finally on the verge of summing up. A day after, the body of Talwar's domestic help, Hemraj was also found dead on the terrace of their residence.
Imperial Capital maintained JetBlue Airways Corporation (NASDAQ: JBLU ) on Wednesday, July 29 with "Outperform" rating. Nelson Van Denburg & Campbell Wealth Group Limited Liability Corporation owns 600 shares for 0.01% of their portfolio.
This raised a serious privacy concern and Google acknowledged earlier this week that the bug affected a small number of units. Before Google killed this feature, it would allow you to long-press on the top of the device to activate Google Assistant.
Unless she receives the formal apology she expects, Ivana will make sure Melania is "blacklisted" in NY society. Melania Trump is pushing back at Donald Trump's first wife for referring to herself as "first lady".
Google to integrate Duo App to Android by default
The dynamic video streaming resolution feature of the Google Duo APp helps to make flawless video chats over the Internet. With ViLTE (Video Over LTE), users can immediately switch to Video call even while in between a normal voice call.
Facebook announces standalone VR headset
Last July, Bloomberg had reported that Facebook was working on an affordable wireless VR headset that "everyone" can afford. Facebook and other major technology companies such as Google and Microsoft that are betting on VR have a long way to go.
Orders 166 phones and claims refund
Once Shivam used to get the refund money he would sell his phones on another marketplace such as OLX or Gaffer on the second hand. In a new case of fraud, Amazon India has been reportedly duped of Rs 50 lakh by a 21-year old man in Delhi.
Government price cap to limit energy bills for 15m homes
Ministers confirmed that energy regulator Ofgem would be compelled to implement the cap once the law had given it new powers. Richard Neudegg, head of regulation at uSwitch, added the the bill will lull consumers into a false sense of security.
Helios And Matheson's Stake In MoviePass Is Paying Off
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