Air Berlin considering splitting in two, says German magazine

Air Berlin's management is considering splitting the group in two, German magazine Focus reported yesterday, citing remarks by one of the company's senior managers.

Air Berlin could be divided into a unit that offers traditional scheduled flights and another that flies to tourist destinations, the magazine reported, citing senior vice-president Detlef Altmann as saying such plans were being "examined". Air Berlin was not available for comment.

The company, Germany’s second largest airline after Lufthansa, recently said it was looking at all options as it prepares to launch a restructuring. – (Reuters)