Thursday , August 17 2017

Aviation

Air Berlin files for insolvency as Etihad pulls funding plug

epa06145530 A plane of German carrier Air Berlin standing idle on the airfield of Airport Tegel in Berlin, Germany, 15 August 2017. Reports on 15 August 2017 state Air Berlin, Germany's second largest airline, has filed for insolvency proceedings.  EPA/ALEXANDER BECHER

Bloomberg Abu Dhabi-based Etihad Airways withdrew its financial support to German carrier Air Berlin Plc, which has filed for insolvency on Tuesday. In an official statement, Etihad Airways said that this latest development is “extremely disappointing for all parties,” especially as the state-owned airline “has provided extensive support to Air ...

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