Turkey’s ESAS holding and TUIFly have become big investors in Air Berlin as the German airline struggles to regain its financial footing by reducing debt and focusing on cost control and profitability. The airline suffered a €75 million net loss last year, down from a €39.9 million loss the prior year. “Despite the challenging economic environment, Air Berlin aims to improve its [earnings before interest and taxes] as compared to that of the previous year,” says Air Berlin CFO Ulf ...
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