UK LCC easyJet, which is taking on aircraft and slots at Berlin Tegel Airport from bankrupt German carrier airberlin, will spend 2018 stabilizing the operation before reaping the initial benefits in 2019. Under the deal, which is expected to close in December 2017, easyJet is paying €40 million ($47 million) to acquire a range of airberlin assets, including leases on up to 25 Airbus A320s. The LCC is also looking to hire up to 1,000 former airberlin crews. “EasyJet expects to ...

Subscribe to Access this Entire Article

"EasyJet sees airberlin payoff in 2019" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? Log in here.