#AVIATIONGOALS Lufthansa Group’s supervisory board has approved a €1 billion ($1.2 billion) investment to purchase and lease up to 61 aircraft for its LCC subsidiary Eurowings as the bidding process for parts of the insolvent airberlin continues. The funds will be used to acquire up to 41 Airbus A320 family aircraft and 20 Bombardier Dash 8 Q400s. ATW understands the Q400s are currently operated by airberlin’s regional subsidiary LGW.
However, the aircraft acquisition depends on the successful conclusion of negotiations for the group to secure parts of airberlin, which filed for bankruptcy Aug. 15 after 29.2% shareholder Etihad Airways withdrew financial support. The investments would be financed from existing liquid funds. #AirBerlin #Eurowings