Quite a few changes at Air Berlin yesterday.
Seems that Eurowings and Austrian will wet-lease 40 Air Berlin planes;
https://www.lufthansagroup.com/en/pr...icle/4686.html
Today Deutsche Lufthansa AG and Air Berlin PLC signed a letter of intent on the wet lease of up to 40 aircraft which will be operated by the Air Berlin Group for the Lufthansa Group companies Eurowings and Austrian Airlines
And Air Berlin are to move another 35 planes into a new tourism arm and make some job cuts.
http://www.bloomberg.com/news/articl...s-to-lufthansa
Air Berlin Plc announced the most sweeping job cuts in its history in a bid to rescue its ailing business, slashing its aircraft fleet by half as 40 jets are moved to arch-rival Deutsche Lufthansa AG and 35 others switch to a new tourism arm for which the company is evaluating options.
The equivalent of 1,200 full-time posts are likely to go from a current workforce of about 9,000 people, Air Berlin said in a statement after markets closed Wednesday. Shares of the unprofitable carrier rose on the news, gaining as much as 6.5 percent in early trading Thursday.
The three-way fleet split will leave Air Berlin’s main airline with 75 planes based at its Berlin and Dusseldorf hubs, including 17 Airbus Group SE A330 wide-bodies deployed on long-haul flights.