Europe

airberlin starts wet-lease deal with Lufthansa Group

Eurowings A320 airBerlin

Three airberlin aircraft under the colours of Eurowings for the first time took off today from Hamburg to Manchester, Stuttgart and Nuremberg.
Thomas Winkelmann, airberlin’s Chief Executive Officer, said:

“The wet-lease agreement with the Lufthansa Group is a significant milestone for airberlin by providing job security with ultimately 38 aircraft flying for the Lufthansa Group.”

The wet-lease agreement between airberlin and the Lufthansa Group was approved unconditionally at the end of January 2017 by the federal antitrust authorities.

The airberlin wet-leased A320 aircraft to the Lufthansa Group will be delivered in phases up to the end of April 2017 and all planes will carry wording on their fuselages, ‘operated by airberlin’.

Under the wet-lease agreement, airberlin will lease the aircraft to Lufthansa and its subsidiaries Eurowings and Austrian Airlines. Eurowings will take 33 of the aircraft, enabling it to phase out up to 20 older A320s, and Austrian Airlines will take the remaining five. The deal also includes a codeshare between Lufthansa and airberlin equity parent Etihad Airways.

By optimising its fleet, the German leisure airline reduces its excess capacity, whilst protecting jobs in flight operations, and minimising restructuring costs.

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