Tuesday, 29 August 2017

Air Berlin creditors said to eye asset sale by mid-September - The National

Air Berlin creditors said to eye asset sale by mid-September - The National:

"The buyers of insolvent Air Berlin's assets will likely be picked by mid-September, people familiar with the matter told Reuters, as the race for the carrier's coveted take-off and landing slots in Germany heats up. Suitors have until September 13 to make bids and present their business plans to the airline's administrator and lenders, two sources told Reuters. A committee of creditors overlooking the liquidation aim to come to an agreement who will buy what shortly thereafter, the sources said, with one of them saying the decision could come as early as September 15."



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