Etihad Airways partner airberlin is set to undergo a “far-reaching” restructuring including up to 1,200 job cuts and giving its rival Lufthansa up to 40 of its aircraft.
Germanys second-largest airline said late on Wednesday that it would become a “leaner, fitter, stronger” carrier operating from its two key hubs in Berlin and Dusseldorf, with a core fleet of 75 aircraft from the middle of next year.
“We are implementing a size and structure for the business that is fit for purpose. We will see revenues grow and costs contained as a result of this restructuring of our business,” said airberlins chief executive Stefan Pichler.
It said it would provide up to 40 Airbus 320 aircraft to rival Lufthansa, the leading German carrier. I…
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