Air Berlin bowed to the inevitable, and filed for bankruptcy, following shareholder Etihad Airways declining to provide further funding. Operations continue during restructuring, with the German government providing a bridge loan of $177M. It is widely expected that parts of the company will be acquired by Lufthansa, who has already wet-leased up to 40 A320s to support the growth of it's Eurowings low cost division. [Subsequently Ryanair, EasyJet, Thomas Cook / Condor and others have expressed an interest in acquiring certain assets of Air Berlin. Will Air Berlin survive in some form as an airline? No - probably not].
Air Berlin's current operational fleet (excluding aircraft leased to Eurowings, Niki and Belair) comprises 5 x 737-700, 9 x 737-800, 37 x A320, 17 x A330-200.
Air Berlin's slow descent into bankruptcy
Skift.com
Analysis by FlightGlobal (Registration Required)
Flightglobal.com
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