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Air Berlin collapse kicks off European airline consolidation

Airline consolidation that has helped U.S. carriers boost profits is gaining pace in Europe’s fractured aviation sector where Air Berlin Thursday said it was selling part of its assets to larger rival Deutsche Lufthansa. Air Berlin, which filed for bankruptcy in August, said it would receive $248.8 million from Lufthansa, Germany’s No. 1 airline by traffic, for one of its German and Austrian units. Wall Street Journal

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