30 October 2017 EasyJet and Air Berlin have agreed a €40m deal. The deal involves landing slots, aircraft leases and other assets at Berlin Tegel Airport. The German company has kept operating with help from the German government after filing for insolvency in August. In August, Air Berlin’s main shareholder Etihad said it would not provide more financial support. The deal with EasyJet follows another deal with Lufthansa. Lufthansa has agreed to buy Niki and LGW from Air Berlin. The deal with EasyJet will make 1,000 jobs safe. The company plans a full timetable for summer 2018 and a reduced timetable for the winter schedule. The company said, we "look forward to building on the strong, customer focussed platform we already have in Berlin to fly more passengers, employ more people and support more economic growth". EasyJet's share price has risen after the announcement.
Vocabulary Highlight text for definitions a lease – a rental agreement (for a house, building, plane, car, etc.) a landing slot – a regular, scheduled flight time a schedule – a timetable or time plan to keep (operating) – to do something for a longer period, to not stop doing something an asset – something of value, something you can sell or make a profit from insolvency – when a company cannot pay its bills to file for (something) - to apply to a court or government department
Questions Why is Air Berlin selling assets? Who has kept Air Berlin in business with financial help? What are your company’s main assets?
Grammar The deal with EasyJet will make 1,000 jobs safe. What is the sense of will in this sentence? Is this a definite plan, or a prediction? Highlight text for solutions A prediction – will can be used in different ways, here it is predicting what will probably happen. More future forms grammar