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Air Berlin deal to lift Eurowings sales above 5 billion euros in 2018

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Air Berlin deal to lift Eurowings sales above 5 billion euros in 2018

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DUESSELDORF, Germany (Reuters) – A deal to buy large parts of Air Berlin <AB1.DE> should boost annual revenues at Lufthansa’s <LHAG.DE> budget unit Eurowings to more than 5 billion euros (£4.4 billion), Eurowings Chief Executive Thorsten Dirks said on Tuesday. That compares with an expected 4 billion euros this year. Dirks also said that Alitalia’s [CAITLA.UL] short-haul business could be integrated at Eurowings, should Lufthansa succeed in striking a deal to buy a part of Italy’s ailing carrier. Lufthansa is among two of seven companies that have bid for Italy’s ailing flag carrier. It has said it was interested in parts of Alitalia’s global network traffic and its European and domestic point-to-point business.

(Reporting by Matthias Inverardi; Writing by Maria Sheahan; Editing by Arno Schuetze)
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