Air Berlin, Germany's second-largest carrier filed for bankruptcy protection
- Author:James
- Source:Hong Kong shipping
- Release Date:2017-08-18
As the shareholders of Etihad Airways withdrew its financial support, Germany's second-largest airline, Air Berlin, filed for bankruptcy protection.
Berlin Airways revealed to American Shipper that the company decided to refrain from providing financial support based on the continuing decline in the business of Berlin in recent months.
"We are very disappointed in the business of Berlin Airways, and we have provided extensive support in the past six years to help fund the flow and reorganization, and in April this year we provided € 250 million to Berlin Airways," said Etihad Airways. And let them explore more business strategy options. "
According to Bloomberg, Berlin Airlines is the second European airline to apply for bankruptcy after Alitalia, and even if it faces liquidation, Berlin Airways is sure that all flights operated by the airline will continue to run as planned. Reservations are still valid.
Berlin Airways revealed to American Shipper that the company decided to refrain from providing financial support based on the continuing decline in the business of Berlin in recent months.
"We are very disappointed in the business of Berlin Airways, and we have provided extensive support in the past six years to help fund the flow and reorganization, and in April this year we provided € 250 million to Berlin Airways," said Etihad Airways. And let them explore more business strategy options. "
According to Bloomberg, Berlin Airlines is the second European airline to apply for bankruptcy after Alitalia, and even if it faces liquidation, Berlin Airways is sure that all flights operated by the airline will continue to run as planned. Reservations are still valid.