FRANKFURT—Leisure travel group Thomas Cook has acquired Air Berlin Aviation, an affiliate of bankrupt Air Berlin, to speed up its growth in the German market. The takeover has been approved by Air Berlin’s creditor committee. The unit was planned as a separate air operator’s certificate (AOC) owned by Air Berlin, and should have taken on all of the 38 aircraft allocated to the wet-lease agreement Eurowings and Austrian Airlines made in February 2017. Air Berlin ...

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