Last checked at 18 Dec 2017 07:00
easyJet plc
easyJet statement on acquisition of Air Berlin operations
15 December 2017
easyJet can confirm that it has acquired part of Air Berlin's operations at Berlin Tegel Airport. The acquisition will result in easyJet operating 25 aircraft from Berlin Tegel Airport. The agreement includes easyJet leasing former Air Berlin aircraft, taking over other assets including slots, and offering employment to former Air Berlin flying crew.
Johan Lundgren, CEO of easyJet, commented:
"We are really pleased that we have reached this milestone.
"easyJet looks forward to building on the presence we already have in Berlin to bring more choice and lower fares to consumers and support more economic growth in the states of both Berlin and Brandenburg.
"This move is consistent with easyJet's strategy of purposeful investment in strong number one positions in Europe's leading airports. 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."
Citigroup Global Markets Limited acted as financial adviser and Clifford Chance LLP as legal advisor to easyJet on the transaction.
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Contact Name and telephone number at easyJet plc for enquiries:
Stuart Morgan, Investor Relations 07989 665484
Paul Moore, Corporate Communications 07860 794444