Netanyahu Threatens to Fire Hotovely Over Comments She Made Angering US Jews
Texas trooper fatally shot on Thanksgiving, manhunt underway
USA school teacher arrested for taking cocaine between classes
8 rescued, 3 missing after US Navy cargo plane crashes off Japan
Lufthansa to buy large parts of bankrupt Air Berlin
12 October 2017, 04:22 | Opal Carroll
Frankfurt-based Lufthansa will sign a contract to buy 81 of Air Berlin’s 144 planes and take on 3,000 of its 8,500 staff
Lufthansa Chairman and CEO Carsten Spohr said the giant would sign the deal, which would mean the acquisition of parts of Air Berlin, including 81 aircraft and 3,000 employees, for a price tag of 1.5 billion euros ($1.78 billion), Efe news reported.
"We will see a milestone in the history of Lufthansa and Berlin today", he said.
The deal includes Air Berlin's Austrian leisure travel airline Niki, its LG Walter regional airline and 20 further aircraft, its said in a statement, adding that the purchase price was subject to adjustments upon closing.
Air Berlin triggered bankruptcy proceedings in August after losing a cash lifeline from its biggest shareholder Etihad Airways.
Apple to partner with LG for foldable iPhone
It could also be because Apple is cautious about what they share with Samsung , according to Korean news site The Investor . So that means Samsung is charging as high as it wants to produce those screens, and Apple has no choice but to pay up.
Meanwhile, unions have complained that many of Air Berlin's staff faced an uncertain future despite promises when talks with Lufthansa and Easyjet began that most would find jobs with the bidders. Meanwhile, analysts at Bernstein Research raised their rating on Lufthansa's shares to "outperform" from "market-perform", forecasting the deal with Air Berlin will add between €70m to €90m to annual operating profits at Lufthansa's low-priced subsidiary Eurowings in the medium term.
Germany's biggest airline Lufthansa is set to buyout Air Berlin.
Air Berlin, which accumulated debt for nearly a decade, reported a record loss of €782m (£713m) for previous year. It also announced it would be reducing the number of destinations it flies to from 140 to 70.
Jack Wilshere is considering leaving Arsenal
He didn't want me to play as a left winger. "He is very close to be considered like everyone else". If keeps going like he is going at the moment, he will go to the World Cup, I am sure.
Smoking to be banned at 20 popular beaches in Thailand
On violating the ban, there is a provision of one-year imprisonment or a possible fine of up to 100,000 baht ($3,000), as per BBC. Thailand is a popular beach destination, with the government predicting a total of 35 million tourist arrivals this year.
PSG, Dani Alves: "Alexis SANCHEZ might join us indeed"
Alexis Sanchez and his Chile teammates missed out on a place at the World Cup in weird circumstances last night. It was a very physical game. "Mentally I will have to assess the situation when he comes back tomorrow".
Kenya parliament passes controversial election law amendment
In Nairobi on Wednesday, Odinga said election officials stalled on actions, "creating an illusion of motion without movement". Tension between Kenyatta's ruling Jubilee Party and Odinga's opposition party have risen since the initial August election.
Watch Princess Nokia destroy a racist dude on the subway
Princess Nokia took to Twitter to talk about the incident, proudly stating that yes, she did throw hot soup in that guys face. He said he used the word to "mak [e] a point" and that he feels "bad" but he's "not that sorry".
Gucci pledges to go fur
Burberry was targeted by protesters during London Fashion Week over its continuing use of fur in its collections. Anti-fur campaigners say the move by these high-profile brands is a huge game changer in the fashion world.