Air Berlin to shut down all flights by October 28

By Bloomberg News, October 10 2017
Air Berlin to shut down all flights by October 28

Air Berlin will end flights on October 28 at the latest, according to a letter sent Monday to workers from the carrier's CEO Thomas Winkelmann and general representative Frank Kebekus.

This week marks a crucial phase for the future of Air Berlin’s staff, planes and airport slots, as weeks of intensive, exclusive negotiations with Lufthansa and EasyJet are set to end Thursday, they wrote.

Winkelmann and Kebekus said in their letter that Air Berlin will have to stop flying by the end of October amid proceedings to settle with creditors and distribute assets to buyers.

An Air Berlin spokesman declined to comment further on negotiations.

The airline was set up in 1978 in West Berlin and, after adopting a low-cost business model following Germany’s unification in 1990, the carrier sold shares public in 2006.

Air Berlin went into insolvency administration in August when Abu Dhabi-based Etihad Airways, its biggest shareholder, withdrew financial support after years of losses.

Bloomberg News

Bloomberg News is one of the world's largest and most respected international news agencies; its content is published on Executive Traveller under a licensed syndication arrangement.

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06 Oct 2016

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Off to call the insurance company then...

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