Air Berlin to axe 1,200 jobs as it splits into 3 businesses
Frankfurt
AIR Berlin plc will eliminate as many as 1,200 jobs as it splits into three businesses, operating about 40 aircraft on behalf of arch-rival Deutsche Lufthansa AG and transferring around 35 others to a tourism arm for which it is evaluating options.
That will leave Air Berlin with a core fleet of 75 planes based at its Berlin and Dusseldorf hubs, among them 17 Airbus Group SE A330 wide-bodies deployed on long-haul flights, according to a statement from the unprofitable company after markets closed on Wednesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Porsche posts Q1 profit drop on ramp-up costs
Air China orders homegrown C919s in challenge to jet duopoly
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US