easyJet has signed an agreement with Airberlin to acquire part of its operations at Berlin Tegel Airport for €40 million. This excludes potential start-up and transitional operating costs. The purchase is subject to regulatory approvals (likely a formality in this case) and is expected to close in December 2017.
The money will be used to pay back the loan given to AirBerlin by the German Government to allow for an orderly end to operations.
easyJet will enter into leases for up to 25 A320 aircraft, offering employment to Airberlin flying crews and taking over other assets including slots.
easyJet has launched a recruitment campaign to attract around 1000 of Airberlin’s pilots and cabin crew, who will be recruited over the coming months, and trained on easyJet’s safety and operating procedures.
In line with easyJet’s business model they will be employed on local, German contracts under collective labor agreements negotiated with the union ver.di
The agreement offers a good number of jobs and helps blunt the impact of the demise of AirBerlin on hundreds of families. It also puts easyJet at the heart of Berlin aviation – with traffic there set to grow in double digits, especially when the new Airport opens and Tegel closes.