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Lufthansa and EasyJet bidding for Air Berlin after Etihad bails out

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Air Berlin's position is dire - the company lost 300 million euros in the three months ending in March and while airlines typically make more money in summer, it was losing about three million euros a day.

Frankfurt

DEUTSCHE Lufthansa AG and EasyJet Plc kicked off the carve-up of Air Berlin Plc as bidders submitted proposals for the carrier abandoned by investor Etihad Airways PJSC after a turnaround failed.

Air Berlin's administrators received binding

sentifi.com

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