easyJet acquires $40 million in assets from now-defunct Air Berlin

By: Theo Nichols

October 31, 2017

easyJet A320, Credit: Wikimedia

EasyJet announced its acquisition of $42 million in assets from Air Berlin, which ceased operations last week. In the acquisition, which must receive approval from regulators, easyJet will get coveted slots at Berlin Tegel Airport and 25 Airbus A320 aircraft on lease.

“The [acquisition] will enable easyJet to operate the leading short haul network at Tegel connecting passengers to and from destinations across Germany and the rest of Europe. This is in addition to easyJet’s existing base at Berlin Schönefeld and would mean that easyJet would be the leading airline in Berlin,” easyJet said in a statement.

UK-based LCC’s Ryanair and easyJet have recently made major pushes into Germany coinciding with the downfall of Air Berlin. While Ryanair has focused its German expansion at Frankfurt am-main, easyJet is carving out a stronghold in Berlin. EasyJet currently does not serve Berlin Tegel Airport.

In addition to the slot and aircraft acquisitions, easyJet will be launching a major recruiting drive in an effort to hire close to 1,000 Air Berlin pilots and flight attendants.

Earlier in October, Lufthansa acquired Air Berlin’s Austrian leisure carrier NIKI Airlines and German regional carrier LG Walter from Air Berlin in a deal worth $249 million.

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