We're not about to go bankrupt, Air Berlin insists - News Summed Up

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We're not about to go bankrupt, Air Berlin insists


Photo: DPAStruggling German airline Air Berlin insisted Wednesday that it has sufficient cash to stay solvent despite suffering heavy losses and a string of flight cancellations. The Berlin-based airline booked losses amounting to €1.2 billion for the last two years, and depends on cash infusions from key shareholder Etihad for survival. It recently applied to the German states of Berlin and North Rhine-Westphalia for a public guarantee. But the Air Berlin spokeswoman said customers can keep booking Air Berlin flights "without worries". "But Air Berlin will meet all the legitimate demands of its clients," she pledged.


Source: The Local June 14, 2017 11:37 UTC



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