LONDON — The German flag carrier Lufthansa said it expected to sign an agreement on Thursday to buy parts of Air Berlin, a low-cost carrier that filed for insolvency this summer.
Lufthansa, Germany’s largest airline, said it would take over 81 planes and hire 3,000 people from Air Berlin as part of an investment of 1.5 billion euros, or about $1.8 billion, confirming comments made by the chief executive, Carsten Spohr, published in the German newspaper Rheinische Post on Thursday.
“We will see a milestone in the history of Lufthansa and Air Berlin today,” Mr. Spohr told Rheinische Post.
A Lufthansa spokesman declined to provide further details because the agreement had not yet been signed.
Continue reading the main story