Lufthansa yesterday closed on a transaction that allowed it to acquire 20 Air Berlin aircraft, Air Berlin’s ‘NIKI’ subsidiary as well as AB’s LG Walter operations. The deal amounted to $210 million Euro (approx. $250mm USD).
In return, Lufthansa agreed to protect all jobs that were affected specifically by this deal. In other words, LGW and NIKI employees do not need to fear for their jobs.