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- Air Berlin's financial issues and escalating costs led to its collapse in 2017, marking the end of an era for aviation in Germany. Despite efforts from Etihad to support the airline, Air Berlin's debt reached €781.9 million, leading to its insolvency and subsequent acquisition by Lufthansa.
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Jul 21, 2023 · Air Berlin was forced to enter insolvency proceedings on August 15, 2017. Subsequently, a bulk of the airline’s fleet and employees were snapped up by Lufthansa in the month it ceased operations. The German powerhouse bought 81 of Air Berlin’s aircraft and took on 3,000 of its staff.
- Managing Editor
Aug 15, 2017 · Air Berlin has filed for insolvency and is in discussions with Lufthansa and the German government to rescue parts of its business, after its largest shareholder Etihad said it would not provide...
Aug 15, 2017 · Air Berlin filed for insolvency on Tuesday but will remain operating after the German government and Lufthansa stepped in to prevent the collapse of one of Europe’s largest airlines.
- Mark Odell
Just over six years after filing for bankruptcy and ceasing all flight operations, Air Berlin's trademark rights were sold to Marcos Rossello, noting that he does not plan on mixing Air Berlin into a new branding for his own existing Sundair.
Aug 15, 2017 · Air Berlin was forced to file for insolvency at a court in the German capital following the withdrawal of funding from Etihad, an Abu Dhabi-based airline that holds a 29 percent stake in the German carrier.
- Joshua Posaner
Mar 5, 2020 · Whether due to bankruptcies, mergers or PR moves, these 17 airlines -- including Air Berlin, pictured -- no longer fly high.
Oct 27, 2017 · The last flight of bankrupt German airline Air Berlin landed Friday, ending nearly 40 years of history for Germany's second largest airline. Flight AB 6210 from Munich landed at Berlin-Tegel...