Economy

Air Berlin must stop flights by October 31

Air Berlin must stop flights by October 31”

When the company filed for insolvency in August, a spokesperson for Air Berlin told IBTimes UK its flights would continue to "operate as normal" as the German government had stepped in to provide a temporary bridging loan.

About 1,400 Air Berlin workers may soon be out of a job, some as early as the end of this month, according to a union paper obtained by AFP on Saturday.

The news comes after easyJet recently emerged as one of the preferred bidders for the assets, along with Lufthansa, with other parties interested in parts of Air Berlin reportedly including British Airways parent International Consolidated Airlines Group (LON:IAG) and Thomas Cook's Condor.

However, flights operated by subsidiaries Niki and LG Walter will continue, as neither carrier is insolvent.

Lufthansa has said it plans to hire up to 3,000 people for the expansion of Eurowings, anticipating an accelerated hiring process for Air Berlin workers.

Those operations also include access to take-off and landing slots at Air Berlin's hubs in Tegel and Duesseldorf. The company may not be gone forever, though, as Lufthansa is considering taking over Air Berlin's operations.

If you were too good at planning ahead, and bought your ticket before Air Berlin filed for insolvency, you are what the industry calls S.O.L., because those tickets can't be reimbursed due to insolvency regulations and rebookings on other airlines are not possible, according to the website.

However, a newspaper reported on Monday that talks with easyJet may not result in a deal after the British carrier reduced its offer.

One of the oldest United Kingdom airlines' Monarch ceased operations last week, after canceling over 300,000 bookings.

EasyJet has already encouraged crew made redundant by Monarch last week to apply for positions at the budget carrier.

Winkelmann and Kebekus said in their letter that Air Berlin will have to stop flying by the end of October amid proceedings to settle with creditors and distribute assets to buyers.



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