Europe’s 3rd largest low-cost carrier Air Berlin has said losses widened last year with German state taxes and fuel expenses meant declining margins along with the political unrest in North Africa with the concomitant decline in tourists visiting the region.
German low-cost carrier Air Berlin was thrown a financial life-line in the form of a 30% outright purchase of its shares plus a [...] Continue Reading…
German low-cost carrier Air Berlin has been thrown a financial life-line in the form of a 30% outright purchase of its shares plus a debt-financing agreement from the Abu Dhabi state-controlled airline Etihad Airways – as was reported by this blog last month.
In the announced ‘strategic partnership’ Air Berlin will enter into a code-sharing agreement with Etihad Airways that will [...] Continue Reading…
German low-cost carrier Air Berlin has been thrown a financial life-line in the form of a 30% outright purchase of its shares plus a debt-financing agreement from the Abu Dhabi state-controlled airline Etihad Airways.
In the announced ‘strategic partnership’ Air Berlin will enter into a code-sharing agreement with Etihad Airways that will see Etihad become Air Berlin’s largest shareholder and [...] Continue Reading…
While we do not expect any A380 of theirs to be landing any time soon in Berlin, Lufthansa, the largest German airline, has announced that it will increase its Berlin presence next year.
The official name of the new Berlin airport, which is scheduled to open on June 2nd next year is called ‘Willy Brandt Airport’ however its operational 3 letter SITA airport [...] Continue Reading…
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