|Bid||0.000 x 948200|
|Ask||0.000 x 1900800|
|Day's range||20.135 - 20.925|
|52-week range||9.103 - 21.225|
|PE ratio (TTM)||5.65|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Air Berlin (LSE: 0GPE.L - news) has spoken with more than 10 parties interested in parts of the insolvent carrier and expects its assets will be divided up amongst two or three buyers, its chief executive told a German paper. Talks began on Friday on carving up Air Berlin, which said on Tuesday it was filing for insolvency. German flag carrier Lufthansa (Xetra: LHAB.DE - news) was first in the queue for meetings, ahead of other potential bidders.
The prospects for maintaining insolvent airline Air Berlin or its existing route network as a coherent whole appeared to be receding after officials warned that the airline was not viable and that a straight takeover would raise competition concerns. A takeover of Air Berlin as a whole to keep it operating would not be possible, German deputy economy minister Matthias Machnig said on Saturday, pouring cold water on one airline investor's approach. "The model of Air Berlin as an independent airline has failed," he told German radio station rbb InfoRadio on Saturday.
A takeover of insolvent German airline Air Berlin (LSE: 0GPE.L - news) as a whole to keep it operating will not be possible, German deputy economy minister Matthias Machnig said on Saturday (Shenzhen: 002291.SZ - news) , pouring cold water on an airline investor's approach. "The model of Air Berlin as an independent airline has failed," he told German radio station rbb InfoRadio on Saturday. Germany's Hans Rudolf Woehrl, who made a name for himself when he bought German airline Deutsche BA from British Airways for 1 euro, threw his hat in the ring for Air Berlin on Friday and said he wanted to keep it flying after buying it.