China's LinkGlobal Could Enter Bidding for Air Berlin

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Insolvent German airline Air Berlin has attracted buyer interest from China’s LinkGlobal Logistics, which is likely to join a growing list of suitors, German newspaper Bild said on Wednesday. The paper said LinkGlobal, which operates German regional airport Parchim, expressed its intention of making a bid to the airline’s administrator in a letter dated Aug. 31 from LinkGlobal’s managing director Jonathan Pang, Reuters reported. LinkGlobal pledged to hand in a bid by the Sept. 15 deadline, according to the letter, a copy of which Bild said it had obtained. The logistics group also said in the letter it would look to move Air Berlin’s headquarters to Parchim, a town in north-eastern Germany. Bild said that Air Berlin’s administrator declined to comment. Read more.