Germany's struggling budget airline Air Berlin on Tuesday said it had filed for insolvency proceedings after its main shareholder Etihad Airways said it "would not provide any further financial support".
The German government was providing a bridging loan to keep flights going, it added in a statement, while German rival Lufthansa said in a separate statement it was in talks with Air Berlin to take over parts of the group.
GMT 08:34 2017 Friday ,25 August
German business confidence dips slightly in AugustGMT 09:25 2017 Tuesday ,22 August
German investor confidence plunges in AugustMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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