Lufthansa agrees to buy parts of insolvent Air Berlin

Lufthansa agreed to buy parts of insolvent German airline Air Berlin for around 210 million euros ($248.72 million), Air Berlin said on Thursday.

The deal includes Air Berlin`s Austrian leisure travel airline Niki, its LG Walter regional airline and 20 further aircraft, its said in a statement, adding that the purchase price was subject to adjustments upon closing.

Negotiations with Britain`s easyJet and other bidders for other parts of the business are ongoing, Air Berlin said.

($1 = 0.8443 euros)

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