easyJet’s shares fuelled by Air Berlin deal
easyJet’s share price climbed this morning as the airline confirmed its plan to buy part of Air Berlin.
The company will take on some of Air Berlin’s operations at Berlin’s Tegel Airport for €40m.
The airline will lease up to 25 A320 aircraft and hopes to recruit 1,000 pilots and cabin crew.
A spokesperson for the airline said: “This will enable easyJet to operate the leading short-haul network at Tegel, connecting passengers to and from destinations across Germany and the rest of Europe.”
easyJet has also agreed a deal with a German trade union over job terms for former crew of Air Berlin after the British carrier agreed to buy part of the failed airline’s operations.
easyJet has said it is looking to recruit around 1,000 Air Berlin pilots and cabin crew after taking on some of its operations at Tegel Airport in the German capital, covering leases for up to 25 A320 aircraft.
The airline said the agreement with Verdi would make terms for ex-Air Berlin staff very attractive, and the trade union also welcomed the deal.
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