China's LinkGlobal joins bidding for Air Berlin

China's LinkGlobal joins bidding for Air Berlin

China's LinkGlobal joins bidding for Air Berlin

Insolvent Air Berlin cancelled about 100 flights on Tuesday after pilots called in sick in unusually high numbers, potentially hampering an attempt to find investors to rescue Germany's second-largest airline.

"We are informed", the letter of intent reads, that Air Berlin is looking for a "reliable investor for acquisition".

Air Berlin has also attracted buyer interest from China's LinkGlobal Logistics, German newspaper Bild reported today.

On its website, Air Berlin is encouraging passengers affected by the flight cancellations to call a service number for information and not come to the airport.

After losing the lifeline of regular cash infusions from Gulf carrier Etihad in June, Air Berlin filed for insolvency on August 15.

Air Berlin announced on Monday that it would end its flights to the Caribbean from Düsseldorf beginning September 24. "That is the only way to secure as many jobs as possible", Mr Winkelmann said.

"I think Air Berlin is in a decidedly hard situation at the moment and the pilots, with their behaviour, are putting at risk a reasonable handover or sale".

Air Berlin made a loss of €782m (£703m) in 2016.

Former Formula One driver Niki Lauda is also interested in buying back Niki, the Austrian airline he founded, which merged with Air Berlin six years ago.

Vereinigung Cockpit, a collective bargaining group for German pilots and flight engineers, has expressed concern that the airline is planning to offload its long-haul flights branch, which pays staff higher wages.

Ryanair said on Tuesday that Air Berlin could be of interest to the Irish low-priced carrier but it didn't want to wait until after Lufthansa had finished talks.

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