Etihad has terminated its financial support for the ailing airline which forced management to ask for creditor protection. The German government has granted a €150m loan guarantee that will allow Air Berlin to operate until the end of November. This bridging loan will be repaid first once the carrier has sold its assets, in particular its slots not only in Germany but also at other European airports.
15 Aug 2017
Air Berlin goes into receivership
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Air Berlin goes into receivership
Fraport AG (FRA:WBO) | 0 0 0.7% | Mkt Cap: 8,167m
- Published:
15 Aug 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Etihad has terminated its financial support for the ailing airline which forced management to ask for creditor protection. The German government has granted a €150m loan guarantee that will allow Air Berlin to operate until the end of November. This bridging loan will be repaid first once the carrier has sold its assets, in particular its slots not only in Germany but also at other European airports.