Air Berlin's Final Flight
October 28, 2017 marked the final flight for the German airline Air Berlin. After 40 years operating as the second largest German airline, they declared bankruptcy in August after their largest shareholder, Etihad Airlines pulled funding. In the interim, the airline operated under a 150 million euro government loan while negotiating possible deals. EasyJet and Lufthansa have come out of negotiations splitting the assets.
"EasyJet made the purchase for 40 million euros ($46.43 million), but additional financing is required since transition costs are not included," according to Reuters. This would make EasyJet the leading carrier in Berlin. "The remaining assets and operation will be taken over by Lufthansa, Germany's largest airline, which will take over 81 Air Berlin aircrafts and 3,000 of its employees after making a 1.5 billion euro ($1.8 billion) investment earlier this month."