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China's LinkGlobal could enter bidding for Air Berlin

09/13/2017| 10:03:46 AM|

Insolvent German airline Air Berlin has attracted buyer interest from China’s LinkGlobal Logistics, which is likely to join a growing list of suitors, German newspaper Bild said on Wednesday.

LinkGlobal, which operates German regional airport Parchim, expressed its intention of making a bid to the airline’s administrator in a letter dated Aug. 31 from LinkGlobal’s managing director Jonathan Pang.

LinkGlobal pledged to hand in a bid by the Sept. 15 deadline, according to the letter, a copy of which Bild said it had obtained.

The logistics group also said in the letter it would look to move Air Berlin’s headquarters to Parchim, a town in north-eastern Germany.

Air Berlin filed for bankruptcy protection last month after its biggest shareholder, Etihad Airways, withdrew funding following years of losses.

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TAGS: Air Berlin | LinkGlobal
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