giftedviz.com
giftedviz.com October 24, 2017


Air Berlin says talks with easyJet continue

13 October 2017, 12:22 | Darnell Patrick

According to The Telegraph bankrupt airline carrier Air Berlin will end service on all its routes no later than October 28

According to The Telegraph bankrupt airline carrier Air Berlin will end service on all its routes no later than October 28

He said he decided not to submit a bid as it was a "conspiracy" between the German government, Lufthansa, and Air Berlin that would drive up prices for customers.

Lufthansa has agreed to buy Air Berlin's Austrian leisure travel airline Niki, its LG Walter regional airline and 20 additional aircraft.

"This contract provides new opportunities for jobs for a large part of our workforce".

Lufthansa CEO Carsten Spohr said earlier he expected the European Union to approve the transaction by the end of 2017.

Ryanair previously described the negotiations as a "stitch-up" meant to strengthen Lufthansa.

Andreas Mundt, head of the German cartel office, said the Commission would take a close look at the deal and that the German authorities would follow the process closely.

Kathy Griffin's CNN New Year's Eve Host Replacement Revealed
Cohen and Cooper have traveled the country with a stage show, "AC2", in which they tell stories and take questions. The two will co-host CNN's New Year's Eve coverage. "It is clearly disgusting and completely inappropriate".


Valero Energy Corp (NYSE:VLO) Institutional Investors Sentiment Change
First Personal Financial Services increased its position in shares of Valero Energy Corporation by 13.6% in the second quarter. Mathes Company Inc. holds 0.88% of its portfolio in Flaherty & Crumrine Dynamic Preferred & Income Fund Inc for 70,025 shares.


Switzerland opens criminal proceedings against PSG Chairman
The 2018 and 2022 World Cups will be played in Russian Federation and Qatar respectively, while the 2026 and 2030 tournaments have not yet been awarded.


While Air Berlin officials have been in negotiations for weeks with Lufthansa and easyJet about selling parts of the business, the airline dealt with years of financial losses before its biggest shareholder, Gulf carrier Etihad, stopped financing the company.

Britain's easyJet has a base in Schoenefeld airport in Berlin and has been negotiating the acquisition of between 27 and 30 aircraft, though one report earlier in the week said those talks might fail. Air Berlin previously said others, such as Thomas Cook's Condor, could pick up some parts of the business.

"We will see a milestone in the history of Lufthansa and Air Berlin today", Mr. Spohr told Rheinische Post. While the authorities investigate, Air Berlin will operate flights as a subcontractor, as insolvency rules forbid it from flying on its own account after October 28.

The group's finance chief Ulrik Svensson had said in August that Lufthansa was interested in helping to shape the Italian aviation market but was not willing to take over the struggling national carrier in its current shape.

Spohr rebuffed the accusation that Lufthansa was becoming a "threatening monopoly", pointing out that the airlines global market share was just 3% globally, and 14% in Europe.



Other News

Trending Now

U.S. flies bombers over Korean peninsula with South Korean, Japanese fighter jets
The Pentagon also declined to comment specifically on reports of the potential breach, but spokesman Col. On the same day as Trump's meeting with military leaders, the U.S.

Aping Jio, Airtel Launches Bundled 4G Smartphone Offer At Rs 1399
The smartphone package will be sold under the initiative " Mera Pehla 4G smartphone " as A40 Indian. The answer to that question boils down really to what you want from your affordable 4G phone.

Trump Justice Department says Chicago violated immigration rules on earlier grant
The city has said its policies are legal, and vowed to sue if money is actually taken away. The DOJ says Chicago, Philadelphia, New Orleans and New York City fit that description.

By 2022, more obese kids than malnourished ones
Girls in the U.S. had the 15th highest obesity rate in the world, and boys had the 12th highest obesity in the world. It also recommends at least 60 minutes of exercise per day and less screen time and other sedentary activities.

Al Sharpton says Jerry Jones has plantation mentality
Later, Trump said he spoke to Jones and that Jones told him the Cowboys would stand for the anthem going forward. ESPN's Josina Anderson tweeted out quotes from one anonymous player who seems apoplectic.

Actor Anupam Kher replaces Gajendra Chauhan as FTII chairman
Bollywood filmmaker and actor Anupam Kher is the new chairman of the Film and Television Institute of India ( FTII ), Pune . Kher @AnupamPkher?", Chauhan had tweeted on September 17. "As a student I can say his mentoring has been a boon".

Former Baylor football player says coach helped him cheat drug test
However, Gordon also revealed that while at Baylor , the school would help him cheat drug tests. Gordon explained that by saying at the time his mindset was, "I'm out of detox drinks".

Florida Gators take their mascot a little too literally
Nike has been developing the alligator-themed uniform for two years, and unveiled it Monday night. To see the unusual new look live, tune in Saturday at 7 p.m. when Florida hosts Texas A&M .

Equifax may have been breached again
The company has taken part of its website offline after an independent analyst said the site may have been hacked. Richard Smith, the company's former chief executive stepped down.

Hurricane Ophelia Moving At Snail's Pace To Northeast
Ophelia is the only named storm on the board, and there no other areas of interest as of Thursday morning. The storm was moving northeast at 3 miles per hour with sustained winds near 85 miles per hour .