Bankruptcy compels Air Berlin to shut down its flights

Posted on by Tango Golf

Berlin-October 9, 2017, Air Berlin, Germany’s second-largest airline has been bankrupt and the airline has announced to end its flights from October 28 at the latest.

The DPA news agency on Monday reported that Germany’s second-largest airline, in a letter to employees the, said that flights under the airline code AB “according to the current state of things, will no longer be possible after October 28.”

However; the flights operated by subsidiaries Niki and LG Walter, which are not insolvent, will continue.

The Airline is in talks with Lufthansa and Easyjet about selling its assets. Lufthansa is interested in Air Berlin operations with about 81 planes, including Niki and LG Walter, while easyJet is in talks for parts of the business with about 27-30 planes, Air Berlin administrators had reported.

 The bankrupted airline had urged its staffs to seek jobs elsewhere because prospective buyers of parts of Air Berlin intend to appoint new staff in the majority of cases.

Air Berlin was declared bankruptcy in August following years of losses and the decision of its biggest shareholder, Gulf Air and Etihad Airways, to cease financing.

 

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