Air Transport World

Air Berlin acquires LTU.(News Briefs)(Lufttransport-Unternehmen Gesellschaft mit beschraenkter Haftung und Company KG)(Brief article)

Air Berlin, continuing its strategy of buying up troubled German airlines, in late March acquired LTU for [euro]140 million. The deal, which is subject to approval from competition authorities, comes eight months after it purchased another struggling carrier, dba. It includes a provision requiring Air Berlin to assume [euro]200 million in LTU debts. …

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