Lufthansa is poised to agree a deal to buy assets from insolvent Air Berlin, a person familiar with the matter told Reuters, ahead of a deadline on Thursday, Reuters reported. Germany’s largest airline is set to buy Air Berlin’s Niki leisure unit, its LG Walter regional airline and some additional short-haul aircraft, the source said on Wednesday. “The deal with Lufthansa is done, there is agreement,” the person said, adding that no contract had been signed yet.

Berlin has quickly rejected plans by Brussels to revive talks on a eurozone bank deposit guarantee scheme, in a sign of how hard it will be to win German backing for further steps to pool responsibility for the bloc’s financial system. The European Commission on Wednesday proposed compromises aimed at ending two years of deadlock over the plans for a European Deposit Insurance Scheme, or EDIS. The plans have strong support from Paris and southern Europe but are viewed with deep misgivings in Germany, the Financial Times reported.

Flights operated by insolvent German carrier Air Berlin will end by Oct. 28 at the latest, it said on Monday, urging staff to seek jobs elsewhere while it works toward a carve-up of its assets. Air Berlin filed for insolvency in August and a government loan is keeping its planes in the air to give it time to negotiate with investors for parts of the business, Reuters reported. Talks with Lufthansa and easyJet are due to run until Thursday and once a deal for parts of its business has been agreed Air Berlin will have to wind down the rest of the operation.

Deutsche Bank AG needs to find extra collateral to remain a counterparty for top-rated asset-backed debt that’s tied to anything from mortgages to car loans, according to Fitch Ratings. The bank’s credit rating, which Fitch downgraded last week, is no longer sufficient for AAA structured notes and Deutsche Bank needs to put up additional collateral for some notes within 14 days, according to a statement on Tuesday, Bloomberg News reported. The lender has already decided to do so in one transaction backed by Dutch mortgages, according to a separate statement.

Lufthansa is restarting long-haul flights from Berlin and growing the long-haul fleet of budget unit Eurowings, moving into the gap left by insolvent rival Air Berlin, Reuters reported. Lufthansa will fly from Berlin to New York from November, basing a long-haul jet in the German capital for the first time since 2001, it said on Wednesday. It will also increase the long-haul fleet of Eurowings to 10 A330 aircraft for summer 2018, against a planned seven by the end of this year. Air Berlin, which filed for insolvency in August, will end its remaining long-haul routes from Oct.

Lufthansa’s supervisory board approved plans to invest 1 billion euros ($1.2 billion) in up to 61 additional planes to expand its Eurowings budget business after German rival Air Berlin was declared insolvent, Reuters reported. Air Berlin’s creditors have selected Lufthansa and British budget carrier easyJet to negotiate over a carve-up of its assets. The Lufthansa investment is set to be used for the purchase and lease of 41 A320 single aisle jets and 20 Bombardier Dash 8 Q400 planes, Lufthansa said.

Insolvent German airline Air Berlin hopes to conclude talks with Lufthansa and easyJet on a carve-up of its assets by the middle of next month as it races to secure jobs and keep flying, Reuters reported. Air Berlin, which has around 8,000 employees, filed for insolvency in August after major shareholder Etihad said it would stop providing funding. The German government stepped in with a 150 million euro ($178 million) loan, due to last until the end of October, to prevent the airline being grounded so that talks could be held on selling its assets.

Air Berlin’s Austria-based unit Niki said a court has rejected an insolvency petition brought against it by an Austrian tour operator, adding that its flight operations are continuing, Reuters reported. “The Korneuburg regional court confirmed the legal opinion of Niki and has rejected the insolvency petition as unfounded,” Niki said in a statement on Friday. Parent Air Berlin filed for insolvency in August, but Niki, which flies to tourist destinations from Germany and Austria, was not part of the insolvency proceedings.

A Lufthansa bid price of 200 million euros ($239 million) to buy assets from insolvent Air Berlin plus 100 million euros to meet operating costs is roughly correct, a source familiar with the talks said on Sunday. The newspaper Bild am Sonntag earlier reported the figures, citing sources close to the proceedings. The newspaper said that there could be three months between signing a purchasing contract and implementing the transaction because German and European competition authorities would need to vet any deal, Reuters reported.

Lufthansa is set to pick up a large part of insolvent rival Air Berlin, and easyJet is also still in the running for some assets, two sources familiar with the matter said. Air Berlin’s creditors met on Thursday to discuss offers for Germany’s second largest airline and agreed the carve-up, the sources said. Air Berlin, which has about 8,000 employees and operates 144 mostly leased planes, filed for insolvency in August after major shareholder Etihad pulled the plug on funding, Reuters reported.