BERLIN [url=http://www.cheapjerseyslions.com/dashawn-hand-jersey/]Da'Shawn Hand Lions Jersey[/url] , Aug. 24 (Xinhua) -- Contrary to earlier media speculation, the creditors of Germany's second largest carrier Air Berlin have stalled in their decision to partition the insolvent company for sale on Wednesday.
People with knowledge of the matter said that a more detailed offer made by Lufthansa to purchase parts of Air Berlin was not yet accepted.
The committee of creditors also ruled out an immediate partial sale of Air Berlin's subsidiary Austrian Airline Niki during a meeting in Berlin.
Unlike its mother corporation, Niki is not insolvent and is considered to be one of Air Berlin's most prized assets due to its low costs and modern fleet.
Lufthansa, which already leases 38 of Air Berlin's 140 planes, said earlier that it was in advanced talks to buy parts of Air Berlin.
Carriers such as Easyjet, Condor and Tuifly have also expressed interest in an acquisition of at least part of Air Berlin's business.
German entrepreneur Hans Rudolf Woerhl also announced his intention to purchase Air Berlin as a whole. However [url=http://www.cheapjerseyslions.com/tracy-walker-jersey/]Tracy Walker Lions Jersey[/url] , Woerhl later claimed that his proposal to buy Air Berlin was rejected by the German government, which does not believe that Air Berlin can survive as a corporate entity. The Nuernberg-based businessman has accused officials of a lack of transparency in insolvency procedures which allegedly benefits Lufthansa.
Irish budget airline Ryanair has voiced similar concerns, describing Air Berlin's anticipated sale to Lufthansa as a conspiracy in which the German government is complicit.
Berlin has granted the insolvent carrier an emergency loan of 150 million euros (176 million U.S. dollars) to ensure its continued operation for three months.
German politicians were creating a "monster" rather than a national champion with their state aid, Ryanair CEO Michael O'Leary warned in the newspaper "Frankfurter Allgemeine Zeitung" on Wednesday. Nevertheless, he added that Ryanair would still consider bidding for Air Berlin in a fairly organized tender.
Any final merger to result from Air Berlin's collapse is subject to approval from European competition authorities.
Joining the debate over the insolvent airline's fate on Wednesday, German trade union Verdi urged Air Berlin's creditors not to negate the interests of the firm's more than 8 [url=http://www.cheapjerseyslions.com/kerryon-johnson-jersey/]Kerryon Johnson Lions Jersey[/url] ,000 employees.
The urgent priority now is to save jobs, Verdi director Christine Behle said in a statement.
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RIO DE JANEIRO, July 5 (Xinhua) -- China's automaker Chery hopes to produce 10 [url=http://www.cheapjerseyslions.com/frank-ragnow-jersey/]Frank Ragnow Lions Jersey[/url] ,000 vehicles in its Brazilian factory this year, and soon expand its production and presence in the country, a top Chery executive said.
Peng Jian, Chery's president for Brazil, said Chery is working hard to offer new options for Brazilian consumers. Although Chinese manufacturers have been operating in Brazil for some years, consumers remain relatively unaccustomed to Chinese vehicles [url=http://www.cheapjerseyslions.com/ashawn-robinson-jersey/]A'Shawn Robinson Lions Jersey[/url] , and much more used to the four big players in Brazil: Volkswagen, GM, Ford and Fiat.
At a time when the automotive industry in Brazil is facing a crisis, with both production and sales down, and other car manufacturers are laying off hundreds of qualified workers, Chery is investing in the expansion of its operations [url=http://www.cheapjerseyslions.com/jalen-reeves-maybin-jersey/]Jalen Reeves-Maybin Lions Jersey[/url] , which puts the company in the spotlight of the auto sector.
It was announced earlier this week that vehicle sales in the country dropped 23.9 percent in the first half of the year and are expected to fall 23 percent in 2015.
Chery started operating in Brazil in 2009, importing the QQ, Tiggo and Celer models. Soon after, the company announced its intention to open a local factory, with investments of half a billion U.S. dollars.
The chosen location was Jacarei, a town of some 200 [url=http://www.cheapjerseyslions.com/teez-tabor-jersey/]Teez Tabor Lions Jersey[/url] ,000 inhabitants located in Sao Paulo State, which boasts the majority of car factories in Brazil, and also a good share of qualified personnel for the sector.
The factory was inaugurated in August 2014 and started producing the Celer model, the first vehicle made by a Chinese manufacturer in Brazil.
The model made some changes from the imported version, such as the shifting gear, indicating Chery's willingness to adjust to the local market and build a stronger presence in the country.
According to Peng [url=http://www.cheapjerseyslions.com/graham-glasgow-jersey/]Graham Glasgow Lions Jersey[/url] , current production is focused on the two versions of the Celer (hatch and sedan), but the Jacarei unit will start producing new versions of the QQ and Tiggo models as well. That means Chery will compete in several categories in Brazil: compact cars, sedans and SUVs.
Besides Brazil, Chery will also sell its vehicles to other South American nations like Uruguay and Argentina.
During Chinese Premier Li Keqiang's visit to Brazil in May, Chery announced a bold move and major investment in the country: the construction of a giant industrial park around the Jacarei factory.
The 4.5-million-square-meter area will feature 25 businesses, such as warehouses [url=http://www.cheapjerseyslions.com/michael-roberts-jersey/]Michael Roberts Lions Jersey[/url] , logistics companies, maintenance, services and components companies, Peng said. Investments were estimated at 700 million dollars.
The park will help make Chery's cars more affordable to Brazilian consumers, as more components will be produced locally and the company will make use of nearby warehouses and other facilities.
The companies in the park will serve not only Chery, but other businesses as well [url=http://www.cheapjerseyslions.com/kenny-golladay-jersey/]Kenny Golladay Lions Jersey[/url] , which will boost the local economy and create jobs.
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