It may have been the most dramatic weekend in the careers of most involved. One Friday afternoon in August 2017, then-Air Berlin CEO Thomas Winkelmann received the message that shareholder Etihad Airways was no longer prepared to provide the €50 million ($57 million) in financing the two sides had agreed on earlier as part of a broader shareholder financing agreement. Immediately, Winkelmann called lawyers, advisors and the board of directors. Over the weekend, a €150 million ...

SUBSCRIBE TO ACCESS THIS ARTICLE

"Opinion: Air Berlin Shows European Airlines Should Be Allowed To Fail" is part of Aviation Week & Space Technology’s subscription package. 

Subscribe now to read this full article. And by subscribing, you'll also receive full coverage of what's next in technology from the experts trusted by the global aerospace & defense community. 

 

Already registered? here.