Oct 12, 2017

Ryanair to challenge Lufthansa's Air Berlin deal

Ryanair is set to challenge a Lufthansa deal to to buy parts of failed German carrier Air Berlin. Lufthansa plans to use Air Berlin planes to expand its Eurowings budget airline business. Air Berlin filed for bankruptcy in August after its main shareholder, Etihad, said it would not give further financial support. Lufthansa chief executive Carsten Spohr said earlier he expected the Air Berlin deal to receive European Union approval by the end of the year. Air Berlin, which accumulated debt for almost a decade, reported a record loss of €782m for last year.

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