Airberlin files for bankruptcy as Etihad stops funds

Credit: Rob Finlayson
German carrier airberlin, in which Etihad Airways has a 29.2% stake, filed for insolvency Aug. 15 after Etihad withdrew financial support.The German government is issuing a loan of €150 million ($177 million) to airberlin to ensure flight operations for about three months, German Minister of...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.