Air Berlin in talks with Condor, not just easyJet: source

Reuters  |  BERLIN 

(Reuters) - is in talks with airline Condor, as well as Britain's easyJet over the sale of some of its remaining assets, as time runs out for a deal to be done, a source familiar with the matter said on Tuesday.

had been in exclusive talks with and easyjet, but while a deal was agreed with for large parts of its business, talks with easyJet continued over the weekend.

"is in talks with two bidders - easyjet and The race is wide open," the source said.

EasyJet has said it is interested in operations covering about 25 planes, predominantly at Berlin's Tegel airport. EasyJet currently flies only from Schoenefeld and analysts say a deal could allow it to build its share in and possibly offer domestic routes within Germany.

had expressed interest in when the carrier filed for insolvency back in August, however the creditors chose to negotiate with and easyJet.

Time is ticking for a deal to be done, however. The last flight is due to take place on Friday.

The airline had hoped to be able to present deals for remaining assets to a creditor committee today, but instead was only able to present a deal for its cargo marketing unit Leisure Cargo.

and easyJet declined to comment. referred to a statement from Friday, when CEO Thomas Winkelmann said that the period of exclusivity had ended.

(Reporting by Klaus Lauer; Writing by Victoria Bryan; Editing by Alexander Ratz and Tom Sims)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 24 2017. 21:01 IST