based in madrid is paying thirty six million euros for the former air berlin subsidiary twenty million will go to nicky's creditors while the rest will stay with the airline as a cash injection i.a.g. owns iberia british airways air lingus and the budget airline veiling chief executive willie walsh said the purchase of nicky made good business sense nicky was the most profitable subsidiary of air berlin and its focus on the leisure sector fits in perfectly with the wedding strategy nicky will be absorbed into willing about seven hundred forty of its one thousand employees will keep their jobs and that's a good result says nicky's works council. to get the formosa i think ground staff in vienna will have a very good chance of staying there because the new owners seem to want to make it an operational base for flight personnel the main focus will be germany and austria . air berlin's insolvency administrator originally planned to sell nikita germany's flagship carrier lufthansa but that deal collapsed after european union authorities rejected it because it would have reduced competition

the collapse of air berlin left town such as germany's single major airline prompting fears of rising ticket prices germany's federal cut tell officers been reviewing allegations of fare hikes of up to thirty percent lufthansa has argued that its software automatically responded to higher demand this week the cartel watchdog said it wasn't buying that saying airlines shouldn't be allowed to hide behind algorithms. local fishermen in chardon lake in northeastern china have landed a huge hall for their annual outdoor winter auction it's part of a traditional festival that dates back a thousand years and attracts tourists as well as massive online orders million kilos of like fish have been ordered online by eager foodies this year that's already seventy percent of the expected seasonal catch. amazon employees at a major distribution center in germany went on strike this week the verde union representing them says they should be paid the same as retail workers amazon argues that they are logistics workers who generally receive lower wages the conflict over pay has been ongoing since two

bankrupt air berlin subsidiary nikky was grounded this week when love tons of dropped its bid for the austrian airline lufthansa had planned to expand its own low cost carrier with nikki's planes but said the european commission's takeover conditions were too strict of tons of had been financing nikki its withdrawal left the carrier insolvent forcing air berlin's administrators to look for another buyer . base in austria nikky employs a thousand workers. it operates a fleet of twenty eight aircraft of which lufthansa wanted to buy twenty one. the low cost and charter airline primarily serve mediterranean routes. the nicky insolvency also immediately stranded thousands of passengers and its staff are now also threatened with the loss of their jobs just a few days ahead of christmas. there is some faint hope though in recent months operators including thomas cook with his condo or airline had shown some interest but they withdrew early in the bidding. and nicky lauder is also on the radar form a racing driver pilot and founder of nicky. if. you're still interested nicky is important to

lifton's a saw an opportunity in the demise of its one time rival with air berlin's bust the flagship carrier could now take on new routes as well as the aircraft and employees to service them. it originally proposed a takeover that included two air berlin subsidiaries yet that plan sparked e.u. concerns over competition. lufthansa responded last week with a more modest proposal dropping the purchase of austrian fighter nicky altogether and instead of the original eighty one aircraft it wanted to buy it would now buy just sixty. a green light from brussels raises other questions first among them who will buy airline nikky which remains insolvent there are already a number of interested buyers including the original owner former austrian racing car driver niki lauda yet another decision for a turbulent european airline market. the greek parliament has approved its twenty eighteen budget according to prime minister alexis see for us it will be the last one written within the confines of the country's financial bailout program. greece has been staving off bankruptcy since twenty ten with

earn more money in this very stiff competitive area that it's flying in and also of course with air berlin it's a lucky situation here at the end of the year the old price has been holding steady and the share price is reflecting that it's gone up hold onto your hat a whopping one hundred fifty percent this year one and a half times what it was at the beginning of the year nobody saw that coming but substantial only the euro and that you mentioned the oil pries have gone up in the past few weeks when the oil in fact has been on the rise since this summer how important is that full of tons in the coming year. they are both important the euro needed needn't be a disadvantage of tons of could buy supplies planes for example in dollars cheaper oil could become a problem if it goes up further jet fuel the biggest expense and the church on the operational level. in france for that thank you very much now the e.u. economy is alive and well the european central bank says in its year end report business in the eurozone has been growing for four and a half years creating seven million jobs the easy

it's interesting today i heard the tourism is down here in the capital berlin because there's no air berlin anymore. yeah that's the case at least according to the tourism authorities in berlin tourist numbers are down by six to seven percent in the month of october and november and that's because abilene has ceased to operate there's literally not enough flight capacity to fly tourists into into berlin at least at cost except to post to them because obviously ever since berlin evelyn ceased to operate no phones as hike the prices for many tickets of many routes inside germany saying that this because demand is so high and that might change once again when they have the additional capacity of operation that can be as soon as generally as we know by today because they're adding thirty three more aircraft from air berlin of course not only on that route but of course i'm also going on various routes into a bird lead and that should help to add capacity and bring more tourists once again back to berlin ok we love all those tourists thank you very much an advice for us there at the free. throw

joint rescue for stranded passengers of the insolvent airline nikky its a subsidiary of bankrupt air berlin lost tons of was going to buy it but was blocked by competition authorities now the austrian based low cost holiday carrier has collapsed. there's still hope that someone could step in someone like nicky lauder perhaps the former racing driver who founded nicky and then sold it. i'm still interested in nicky it's important to secure jobs and i want to fly with nicky again but it's more complicated now because we're looking at insolvency again because nicky has a thousand employees and up to ten thousand frustrated passengers with worthless tickets the austrian government is considering offering the airline a bridging loan. and i think we should help but we need to work out how that will look exactly and what it will really mean it it or. aviation giant loved ones offered to buy nicky following a berlin's insolvency but then said the european commission is conditions for the takeover were too strict and withdrew its bid the german government has given air berlin a bridging loan of one

germany's biggest airline looked tenser had been in the offing to buy up the air berlin subsidiary and its twenty one aircraft to appease the skeptical european competition also overseas lufthansa offered to forego some of the valuable takeoff and landing slots but also richie's remained unconvinced so on wednesday the aviation giant announced it was retracting its one hundred ninety two million euro offer that left nicky with no alternative but to declare insolvency and the german government with problems. there are two issues firstly what will now happen to the government's loan to the company will it be possible to get the one hundred fifty million euros loan back and secondly a thousand jobs which looked handsome would have secured and now at risk on the german government offered air berlin and mickey the funds as a bridging loan to ensure a smooth takeover at the time chancellor angela merkel promised there would be no cost to taxpayers now though the focus is on damage limitation. when moscow's most closely watched press conference of the year is currently underway and i'm retryi

in trouble with those regulators lufthansa's plans to take over routes operated by failed rival air berlin have hit some turbulence to the e.u. commission says it has quote deep competition concerns about the bid e.u. competition commissioner my visit to this tiger said might monopolize certain routes she wants customers and wyvil airlines to have their say those towns are hopes to pay two hundred ten million euros for air balloons aircraft as well as takeoff and landing slots. here's our financial correspondent cons are in frankfurt on the story many passengers who often take a flight have noticed that in recent weeks the prices on many routes that lufthansa took over from berlin after the insolvency have surged very much now the european union's commissioner of a star is concerned that fans are might already be monopolizing the domestic market here in germany the concessions that. suggested to the antitrust authorities were probably not enough in the next two weeks the antitrust watchdog will interrogate lufthansa's competitors in order to find out what has to be done to create fair comp

for thousands of stranded passengers of the insolvent airline nikky is a subsidiary of bankrupt air berlin loved ones i was going to buy it was bought by competition authorities now the austrian based low cost holiday carrier has collapsed. it was anything but chaotic on thursday mist of nicky's passengers simply stayed away the holiday airlines flights have been grounded the company is at rock bottom but there's still hope that someone could step in someone like nicky lauder perhaps the former racing driver who founded nicky and then sold it. i'm still interested in it's important to secure jobs and i want to fly with nicky again but it's more complicated now because we're looking at insolvency again. nicky has one thousand employees and up to ten thousand frustrated passengers with worthless tickets the austrian government is considering offering the airline a bridging loan. i think we should tell parents what we need to work out how that will look exactly and what it will really maimed. aviation giant offered to buy nicky following abbott means insolvency has its plans with them blocked

clear skies for loved ones in brussels has approved the german airlines partial takeover of air berlin yet as lufthansa grows so do fears it could become far too dominant. live tan says so opportunity in the demise of its one time rival was bust the fact ship carrier could take on new groups as well as the aircraft and employees to service them. it's originally proposed to take over this included two subsidiaries that plan sparked e.u. concerns of a competition that responded last week with a more modest proposal dropping the purchase of austrian flyer nikky all together and instead of the original eighty one aircraft it wanted to buy it would now buy just sixty a green light from brussels raises other questions first among them who will buy the airline nikky which remains insolvent there are already a number of interested buyers including the original owner former austrian racing car driver nicky lauder yet another decision for a turbulent european airline market. flying tourist numbers of taking a dive in the german capital something i put to our financial correspondent. yeah that's

especially the case of course in berlin germany its capital which was a service quite a bit by air berlin so currently the touristic authorities are saying that tourist volumes are down by six and seven for spend respectively in november so it's quite a big deal for for berlin for the hotels but also for musicals and theaters going forward that should be remedied though if tuns has taken over those capacities and then they will also increase of course their flight volumes into berlin to look tons of hoping to meet demand and survived on the sunset strip exchange thank you very much for the. the irish union representing ryanair pilots says the threat of industrial action has receded that's after the company confirmed in writing that it would recognize the union for collective bargaining purposes the impact union called off plans strike auction action last week after ryanair announced it would recognize trade unions for the first time in its thirty two year history but it said it would reverse the decision unless written confirmation was supplied. it's a big win for donald trump the u.s. co

true is of course that as he says of the original one hundred forty planes that used to fly for air berlin ninety are grounded now and of course there's demand and with higher demand and if there's no other competitor there then there's some justification to demanding higher prices really competition authority and customer complaints aside lufthansa has done very well this year hasn't it. they've done super well it was a record year for them they've never made as much profit as they have it was quite an expected one factor our oil prices were ok for the airline but they also were successful in cutting costs and they also were successful in cutting a deal with their pilots it was a year long years long struggle several years it cost the many millions and now that's out of the way and it also clears the way with new schemes for retirement and for concert and station to become more competitive in this very competitive business of the airline business not just in europe but around the world in the share price reflects that success is coming up by a whopping one hundred fifty percent this year

investigating a suspicious device that caused the evacuation of the christmas market in the town of pasta air berlin. and honored for a fighting end justice and investigative journalist from azerbaijan is one of four winners of the alternative nobel prize. i'm still henry welcome to the program. a dramatic turn of events in washington former u.s. national security advisor michael flynn has pled guilty to charges that he lied to the f.b.i. prosecutors say son covered up his contacts with russia after donald trump's victory in last year's presidential election reports also suggest flynn said a senior member of trump's team directed him to talk to russian officials was. michael flynn leaving court in washington d.c. to cries of lock him up from protesters those words hark back to last year when flynn led chance for then democratic presidential candidate hillary clinton to be sent to jail. in his plea deal flynn said a senior member of the trump transition team directed him to make contact with russian officials. when confirmed u.s. media reports say that senior member is u.s. president donald trump's s

staying up in the air and has withdrawn its bid for air berlin subsidiary nikky citing cartel concerns by e.u. competition authorities nicky is fine for insolvency canceling a string of flights elin's bankruptcy administrator is trying to find a new buyer for the austrian based business but so far no one else has come forward to operate a thomas cook and british airways owner i agee had both shown interest of tons of was planning to buy twenty of making fleet of thirty five aircraft to use for its own budget subsidiary euro. well that's catch up with quest of koba aviation expert and discuss first of all what this means to nicky passages there are a few out there on flights already and i guess stuck at their holiday does that hold their left in limbo because with the company filing for insolvency here. flight operations may be granted soon so we're talking about sixty thousand passengers according to media reports that would be affected by that the austrian government has actually stepped in saying they would repatriate any any passenger that would be stuck around the world for that ma

and easyjet has been given the all clear to acquire part of air berlin.s includes the carrier taking operations.in's offert will also employment to staff. annette: it is time now for the press review. time to look at what is making international headlines across the globe. my that, i am joined by colleague. we will start with the african national congress, poised to pick its next leader. reporter: right, and no matter what the result is, it will likely cause a permanent rift in the party. the paper says this has been one of the most fiery contest for the last 10 years. all of the other times that it got this tense, both factions ended up permanently splitting off from the party. here is a core team from another south african player -- south african paper. this is the afc delegate survival kit. "a chair, but a shield, a colander to protect yourself from flying chairs, tranquilizers, nasal decongestant for smelling bs, and finally a book to remind you on what the party once was. the women's and handball team apparently beat champions.ecome the that is a big

air berlin's subsidiary, the austrian airline, could be up for grabs.hey are facing pushback over that part of the sale. it has prompted british airways owner, iag. lufthansa wants the aircraft's for a purchasing price of 210 million euros. the sharing economy is meant to make us feel so much better about ourselves. sharing workspaces, cars, bicycles. for companies, more about sharing and -- less about sharing and more about getting your data. is this your telephone number? is this your profile picture? yes. all this information can be seen on the internet. customer data made public. this is bike sharing. we asked a volunteer to test rental firm o-bike. registration by smartphone is quick and easy, and just one euro for 30 minutes, it is a bargain. but what customers don't know is that their avail -- is that their data is available online. with just a few clicks, investigative journalists from bavarian broadcasting were able to find the names, numbers, and profile pictures of users from around the world. they even found movement data including an hour t

were paid a minute not so fast those times us plans to take over routes operated by failed rival air berlin have hit some turbulence the e.u. commission says it has deep competition concerns about the bid competition commissioner mark caves of fest august said her team believed there was the risk of just tons of certain routes she wants customers and rival airlines in the european aviation market to have their say hopes to pay two hundred ten million euros for dozens of air berlin aircraft as well as takeoff and landing slots and its austrian subsidiary nikky. and here's our correspondent who's many passengers who often take a flight have noticed that in recent weeks the prices on many routes that lufthansa took over from berlin after the insolvency have search very much now the european union's commissioner stagger is concerned that might already be monopolizing the domestic market here in germany the concessions that he. suggested to the antitrust authorities were probably not enough in the next two weeks the antitrust watchdog will interrogate lufthansa's competitors in order to find out

well lufthansa security eu antitrust approval for the acquisition of air berlin?g from regulators is expected today. without acquisition they will control 95% of the german domestic airline schedule. we will be live in frankfurt to discuss that. this is bloomberg. ♪ matt: good morning. from the german capital of the land, i am matt miller. this is bloomberg daybreak. alongside me as anna edwards at our new european headquarters in london. we're looking at a futures picture that shows very little direction with ftse futures gaining, cac futures down, dax futures up. futures unchanged. 2.5 percent since it is down one basis point. s&p futures showing and little as thea lift right now tax bill passes through the senate and the house. signature of the president trump who allegedly intends to sign it on january 3. one ofet's talk about our other stories around the bank of japan. levels unchanged turning -- retaining its stimulus as it waits for pickup in low inflation. they said it will continue to target interest rate and by financial assets to achieve its goal. brian

has withdrawn its bid for air berlin subsidiary nicky of towns are citing cartel concerns by e.u. competition authorities but the german flag carrier is pushing ahead with its bid for another air berlin subsidiary l g w. bankruptcy administrated now has to find a new buyer for austrian base making it was unaffected by its parent airlines collapse and is still flying in recent months tour operator thomas cook of british airways and i.a.g. have both shown interest the funds a plan to buy twenty of nicky's fleet of thirty five aircraft to use for its own budget subsidiary. less skin lots of fabric it's called modest fashion the latest trend on the catwalks of new york london that is stamboul german designers are also trying to cut their way into the billion dollar business but they'll have to go abroad to do that a photo shoot for the upcoming winter collection despite the icy temperatures the photos have to give no hint that the models of freezing cold time and again design omarion lead dearie steps in to make adjustments the fifteenth collection everything has to be perfect for the

as the as he says of the original one hundred forty planes that used to fly for air berlin ninety are grounded now and of course there's demand and with higher demand and if there's no other competitor there then there's some justification to demanding higher prices really competition authority and customer complaints aside lufthansa has done very well this year hasn't it. they've done super well it was a record year for them they've never made as much profit as they have it was quite an expected one factor our oil prices were ok for the airline but they also were successful in cutting costs and they also were successful in cutting the deal with their pilots it was a year long years long struggle several years it cost the many millions and now that's out of the way and it also clears the way with new schemes for retirement and for concert and station to become more competitive in this very competitive business of the airline business not just in europe but around the world and the share price reflects that success is coming up by a whopping one hundred fifty percent this year by far t

the found this partial takeover of air berlin is still not a done deal now the european commission is giving the german carrier more time to revise its plans to ensure its offer complies with you a lot so it's got until the twenty first of december to do so but in subsidiary the austrian airline nikky could be up for grabs of chances facing pushback from competition authorities over that part of the sale on this front to british airways owner i i g to consider a fresh bid for it and have to answer once nicky's eighty one aircraft in the associated landing spots for a purchase price of two hundred ten million euros. the sharing economy is meant to make us all feel so much better about ourselves sharing workspaces cars bicycles all with the help of a simple but for companies is sharing less about carry a more about getting your data we take a look in this next report. because it's your telephone number. yes. is this your profile picture yes. all this information can be seen on the internet . customer data made publicly accessible this is bike sharing we asked a volunteer damage to test

but first it's been more than three months now since air berlin declared bankruptcy and a guard there still controversy over who gets the spoils that's right and this is why i love towns is meeting with the e.u. competition commission over its partial takeover of beilin today e.u. regulators are concerned about what lufthansa as bulk purchase would do to ticket prices and competition now british airways own i.a.g. is once again considering bidding on abol lynn subsidiary the austrian ally and nicky taking advantage of the pushback close is facing from competition authorities both times i want eighty one aircraft and the associated landing rights for a purchase price of two hundred ten million euros. now my colleague brandegee that is following the talks and joins us now from brussels bound what is the commission worried about. negative s. to the commission of how competition is concerned. might gain too much market share and even a monopoly on certain routes in europe in germany this may affect one hundred drugs especially coming from. billiton and the ticket prices there are already

but do stay with us because we have another topic to chat about newton's as withdrawn his bid for air berlin subsidiary nicky the fans are citing cartel concerns but you competition authorities mickey has filed for insolvency canceling a string of flights evelyn's bankruptcy administrator is trying to find a new buyer for australia but so far no one else has come forward to operator thomas cook and british airways owner i agee had both shown interest of times i was planning to buy twenty of nicky's fleet of thirty five aircraft to use for its own budget subsidiary euro wings. my colleague daniel winter is still with me then you'll see me pressured out of saving a failing business here is this a good move it depends on the angle that you coming at this from because the supply shop created by nicky leaving the market could mean that competitors will rush in and the price of tickets will remain low because of the competition that what we've seen elsewhere with lufthansa taking over lynn routes is that prices have shot up as much as four times apparently there's a supply shortfall of about sixty

the moment that the air berlin pilot buzzed the terminal in october and he has been cleared of any wrongdoing. jonathan: tipping the airs but a-30 wings on the final flight. that is how you say hello and goodbye but not with to 200 people on board. this airline is going out of business shortly. they determined that the pilot did nothing wrong. the pilots won't get the wrist flapped. they went out with the wave. the garden of the gods in colorado springs stunning. michelle: which is why a lot of people are happy the eye store we'll show you, the blue square is gone. the blue olympic city frame referencing the home of the u.s. economic training center there was meant to be a photo top for the visitors. but for many, it didn't fit in with the red rock formation. >> it's beautiful the way it is and it's framed by nature. i didn't think we needed a metal thing. >> unbelievable. i can't believe it was here. us destroys the whole view. jonathan: right? michelle: you don't need that. jonathan: the frame was installed at the end of last week and since then more than 20,000 -- not a couple. 20,000 peop