DGAP-Adhoc

Air Berlin PLC: Restructuring to a dedicated network carrier - touristic segment to be combined in a separate business unit - providing up to 40 aircraft to Deutsche Lufthansa group - up to 1,200 employees to be laid off

Air Berlin PLC / Key word(s): Restructure of Company/Strategic Company Decision

28.09.2016 19:58

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Far-reaching restructuring of Air Berlin group to create a lean dedicated
network carrier - touristic segment to be combined in a separate business
unit - providing up to 40 aircraft to Deutsche Lufthansa group - up to
1,200 employees to be laid off

Disclosure of inside information according to Article 17 of the Regulation
(EU) No 596/2014 (Market Abuse Regulation, MAR)

London, 28 September 2016 - The Board of Directors of Air Berlin PLC has
resolved today to substantially restructure the group and implement a new
business model. As a dedicated network carrier, Air Berlin PLC & Co.
Luftverkehrs KG will operate a reduced core fleet of 75 aircraft in a dual-
hub strategy with long-haul flights from Berlin and Dusseldorf. All
administrative functions will be concentrated in Berlin. The touristic
business with 35 aircraft will be combined in a separate business unit with
a view to evaluate strategic options.

To more efficiently employ excess aircraft and crew capacity, Air Berlin
PLC & Co. Luftverkehrs KG intends to provide up to 40 Airbus A320 family
aircraft to the Deutsche Lufthansa group with up to 38 aircraft operated by
Air Berlin PLC & Co. Luftverkehrs KG under a six year wet lease agreement.

The restructuring of the group will necessitate lay-offs of up to 1,200
employees (full-time equivalents). The Air Berlin group endeavours to
implement these redundancies in a close and constructive collaboration with
employee representatives. Further, discussions are being held with the
unions representing cockpit and cabin staff in order to reach a framework
for new collective works agreements, which are economically more beneficial
for the company.

Person making the notification:
Michelle Johnson, General Counsel, Company Secretary
Email: [e-mail]

Air Berlin PLC c/o Browne Jacobson LLP, 6 Bevis Marks, Bury Court, London,
EC3A 7BA, United Kingdom; ISIN GB00B128C026, WKN AB1000 (Share), Frankfurt
Stock Exchange (Regulated Market, Prime Standard); ISIN DE000A0NQ9H6
(Convertible Bonds 2007), Euro MTF market of the Luxembourg Stock Exchange;
ISIN DE000AB100B4 (Bond April 2011 and January 2014), Bondm segment of the
open market of the Stuttgart Stock Exchange and Euro MTF market of the
Luxembourg Stock Exchange; ISIN DE000A1HGM38 (Convertible Bonds 2013), Open
Market Frankfurt Stock Exchange; ISIN XS1051719786 (EUR Bond May 2014),
Euro MTF market of the Luxembourg Stock Exchange; ISIN XS1051723895 (CHF
Bond May 2014), SIX Swiss Exchange and Euro MTF market of the Luxembourg
Stock Exchange


28.09.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: Air Berlin PLC
6 Bevis Marks, Bury Court
EC3A 7BA London
United Kingdom
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: ir.airberlin.com
ISIN: GB00B128C026, DE000AONQ9H6, DE000AB100B4, DE000A1HGM38,
XS1051719786, XS1051723895
WKN: AB1000
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Luxemburg, SIX

End of Announcement DGAP News-Service

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