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EasyJet confirms acquisition of Air Berlin assets

EasyJet has become the leading airline in Berlin after buying runway slots and aircraft from Air Berlin

EasyJet
EasyJet will operate the short haul network at Tegel

EasyJet PLC (LON:EZJ) has confirmed it has bought part of collapsed Air Berlin’s operations at Berlin Tegel Airport.

The budget carrier said the acquisition of the operations, including runway slots and 24 aircraft, will make easyJet the leading airline in Berlin.

READ: EasyJet shares take off as it agrees to buy assets from insolvent Air Berlin

"This move is consistent with easyJet's strategy of purposeful investment in strong number one positions in Europe's leading airports,” said easyJet chief executive, Johan Lundgren.

“As a result of our acquisition, easyJet will operate the leading short haul network at Tegel connecting passengers to and from destinations across Germany and the rest of Europe.

“This is in addition to easyJet's existing base at Berlin Schönefeld and means that easyJet will be the leading airline to and from Berlin."

The company had announced that it agreed to take over the assets for €40mln in October two months after Air Berlin filed for insolvency.

Quick facts: easyJet plc

Price: 708.6 GBX

LSE:EZJ
Market: LSE
Market Cap: £2.81 billion
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