On August 15, the German airline Air Berlin filed for insolvency after several years of losses and the withdrawal of financial support by its shareholder Etihad.
Air Berlin announced that the company’s flights continue, and the German government informed that it has granted the operator a bridge loan of 150 million EUR.
Source: Wall-Street
Frequently Asked Questions
Why did Air Berlin file for insolvency?
The airline suffered significant losses over several years, leading its main shareholder, Etihad Airways, to withdraw financial support.
Are Air Berlin flights still operating?
Yes, flights are currently continuing as scheduled, supported by a €150 million bridge loan from the German government.
Who was the main shareholder of Air Berlin?
The primary shareholder was Etihad Airways, which decided to stop funding the airline after years of financial instability.