Lufthansa tightens its grip on German skies after buying the bulk of its rival Air Berlin

Lufthansa has spread its wings further, clinching a deal to buy up more than half of its bankrupt rival Air Berlin, in what its CEO Carsten Spohr described as “a milestone in the history of Lufthansa and Berlin.”

Lufthansa will pay around €210 million ($248 million) to buy 81 of Air Berlin’s planes and take on 3,000 of its 8,500 employees, as well as take over Air Berlin’s Austrian leisure travel airline Niki, and regional airline LG Walter. Spohr said that adding 81 planes to the...

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