15th August 2017 at 12:25 #822910
A media statement issued a few mins ago by the Lufthansa Group says that Air Berlin will be restructred by both Lufthansa and the German govt.
Air Berlin (almost 30% owned by AbuDhabi’s Etihad) has been in financial difficulties for some time and it was expected that a solution would eventually have to be found.15th August 2017 at 12:39 #822912
Air Berlin has filed for bankruptcy.
Also in German language15th August 2017 at 14:49 #822923
Our piece a few mins ago. I’ve since been reminded that Air Berlin employs 7,200 staff and the German elections are scheduled for next month.16th August 2017 at 02:51 #822952
Sad end to another mis-managed airline. How did they continue expanding while always making losses. So many aircraft (132) so few profits. LH will shred them.
IAG was interested previously ‘though doubt LH and German government will allow another IB on their territory even if it would be a success!16th August 2017 at 11:57 #823072
Another blow to Etihad, with poor investments in Alitalia lost, and now Air Berlin. Not very good strategists employed it seems!
Perhaps it says something about the ME3 trying to buy their way into the European Market, with the low cost carriers at their side.
Hence the loss of $1.5 Billion at Etihad, and this for 2017 to be factored in yet.
No wonder they are making huge cutbacks, affecting the whole travel experience dramatically. They are no longer a “Boutique” Airline, and nothing special compared to the rest, all the frills have been cut back!
Hence my Business has gone elsewhere.
I wonder what will happen to Air Berlin FFP members accrued miles?17th August 2017 at 19:18 #823289
Reuters: “Lufthansa gets first say on Air Berlin asset sale-union.”
Negotiations will begin tomorrow (Friday).19th August 2017 at 23:56 #823530
I didn’t really expect anything different!21st August 2017 at 12:09 #823628
Air Berlin’s CEO is reported as saying “we want to settle the sale in September at the latest, otherwise customers’ trust in the airline will vanish.”21st August 2017 at 16:20 #823671
Air Berlin’s CEO is reported as saying “we want to settle the sale in September at the latest, otherwise customers’ trust in the airline will vanish.”
Hasn’t the trust already gone? I’d not risk booking with them now.25th August 2017 at 11:25 #824164
Reservations for a number of transatlantic services are not closed.
And latest news today is that Air Berlin’s FFP, which is branded Topbonus, has filed for bankruptcy.25th August 2017 at 12:58 #824181
Topbonus files for bankruptcy. Looks as though members will lose their perks/awards.
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