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Lufthansa acquiring Air Berlin assets to bolster Eurowings

Lufthansa acquiring Air Berlin assets to bolster Eurowings

Lufthansa plans to use the Air Berlin assets to quickly expand its Eurowings budget business.

Analysts in London lifted the target price for shares of Lufthansa to €29 from their previous €25, citing the soon to be signed deal to acquire much of Air Berlin, a new labor deal that was multi-year with its pilots that it announced earlier this week, and a strong trading performance for 2017.

Part of Air Berlin to be sold to Lufthansa AA Economy News Entry Date: 12.10.2017 20:14 Date of renovation: 12.10.2017 20:16 in August of this year, a section of German airline, which is filed for bankruptcy, understands sale of Air Berlin to Lufthansa.

Lufthansa would reportedly take over 81 planes from Air Berlin for its main brand and lower-cost Eurowings operation. "But we can only really breathe again when the EU Commission approves the deal", Air Berlin Chief Executive Thomas Winkelmann said.

Barcelona prepared to make new offer for Liverpool's Coutinho
Coutinho would be cup-tied for Champions League games should he move to Barca but that is not expected to affect the move. Saga transfer of Coutinho became the center of European public attention in the transfer market last summer.

However, Ryanair, which has previously called the talks a "stitch-up", said it would be referring the matter to the European Union competition authority in due course.

Andreas Mundt, head of Germany's cartel office, said the European Commission would take a close look at the deal and that German authorities would follow the process closely.

Britain's easyJet has a base in Schoenefeld airport in Berlin and has been negotiating the acquisition of between 27 and 30 aircraft, though one report earlier in the week said those talks might fail.

EasyJet declined to comment on the progress of talks on Thursday.

LSU Police Issue Arrest Warrants For 10 Students Over Fraternity Pledge's Death
The affidavit also said "several" other interviews indicated that "the pledges were forced to drink in excess", WBRZ-TV reported. Gruver, an 18-year-old from Roswell, Georgia, died September 14 in what LSU Police has investigated as a hazing-related death.

"Today will be a milestone in the history of Lufthansa and Air Berlin", said Spohr in Berlin ahead of the expected official announcement that a formal deal has been agreed between the airlines.

Air Berlin had been Germany's second-biggest carrier after Lufthansa.

Shares in Lufthansa rose 2.8% in Frankfurt.

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The stock's Average True Range (ATR) is 1.61. ( WBA ) has an annual dividend of $1.6, while its annual dividend yield is 2.26%. This repurchase authorization permits the pharmacy operator to purchase up to 5.9% of its stock through open market purchases.


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