The desolate situation of Air Berlin in Numbers
Without the money from the state Air Berlin would have had to cease flying operations. A look into the books of the airline shows just how bad the situation is.
At the latest since the 28. April, it was clear that Air Berlin can only fly with Etihad's grace. At that time, the Gulf airline, the German airline has granted a loan of 350 million euros, in December and January she had transferred 300 million euros. Nevertheless, Air Berlin needed in addition to a statement of support from its largest shareholder.
Now this, surprisingly, was announced. The Situation has got worse in the last few months, justified the Etihad. And as a result, the potential liabilities would be increased further. The no longer wanted to take the airline from Abu Dhabi. This would actually mean the safe From Air Berlin. Because in the spring the group had stated the examiner: "The group is dependent on a Letter of Support from a significant shareholder".
The immediate Grounding was prevented. "Due to the related insolvency rules, Air Berlin would have been obliged, the operation of the aircraft immediately after the filing of the bankruptcy petition", said on Tuesday (15. August), the German economy Minister Brigitte Zypries. You were a credit
150 Million Euros
for Air Berlin. The money is contributed by the German state Bank Kreditanstalt für Wiederaufbau. The government in Berlin, secures the loan but with a Federal guarantee. With the new means the flight is operating for a further three months backed up.