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Share Price Information for easyJet (EZJ)

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Share Price: 541.60
Bid: 541.40
Ask: 541.80
Change: -3.40 (-0.62%)
Spread: 0.40 (0.074%)
Open: 550.20
High: 550.20
Low: 538.20
Prev. Close: 545.00
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'Laughing stock': No party for much-delayed new Berlin airport

Tue, 29th Sep 2020 11:27

BERLIN, Sept 29 (Reuters) - Berlin will not hold a party
when it opens its new airport on Oct. 31 because it is so
embarrassed about how long it took to build, but it will mark
the closure of the Tegel airport it replaces, the boss of the
German capital's airports said on Tuesday.

"There is no big party. We are just going to open,"
Engelbert Luetke-Daldrup told a news conference.

"We German engineers were ashamed," he said, adding that the
delays had made Berlin, and Germany, a "laughing stock", while
the fact that costs had spiralled to 6 billion euros ($7
billion) from an original 2.7 billion was also not acceptable.

Construction began in 2006 on the BER airport, which had
originally been due to open in 2011. But construction problems
and technical issues saw the date pushed back repeatedly.

That left Berlin relying on two outdated and increasingly
crowded Cold War-era airports: Tegel, which served the west of
the city, and Schoenefeld, once Communist East Berlin's airport
which will be integrated into the new airport.

Easyjet and Lufthansa will simultaneously
make the first landings at the new airport on Oct. 31.

Because of the coronavirus pandemic, Luetke-Daldrup said
Berlin's airports will need government support of around 260
million euros, with only around 10 million passengers expected
in 2020, down from 36 million last year.

Luetke-Daldrup appealed for the new airport to be awarded
more international landing slots, saying tourists from places
like China wanted to fly directly to the capital, rather than
via hubs like Frankfurt and Munich.

Berlin will hold a celebration to thank Tegel when it closes
on Nov. 8, Luetke-Daldrup said, noting that it is seen as a
symbol of freedom and appreciated for its architecture.

French occupying forces built Tegel in 1948 during the
Berlin airlift, when the western allies flew in supplies to West
Berlin after Soviet forces cut off road and rail transport. It
started commercial operations in 1960.

(Reporting by Emma Thomasson and Klaus Lauer; Editing by Giles
Elgood)

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