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AIR BERLIN PLC

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2021Lufthansa, easyJet win EU court backing to buy Air Berlin assets
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2021Air Berlin : Seychelles May Face Lawsuit Over $70 Million Bond Money, Report Says
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Air Berlin : Germany provides 150 million euro bridging loan to insolvent Air Berlin

08/15/2017 | 01:54pm EDT

BERLIN (Reuters) - Germany has made a bridging loan of 150 million euros ($176.16 million) available to Air Berlin (>> Air Berlin Plc) to ensure flights continue after the airline filed for insolvency, two German ministries said on Tuesday.

BERLIN (Reuters) - Germany has made a bridging loan of 150 million euros ($176.16 million) available to Air Berlin (>> Air Berlin Plc) to ensure flights continue after the airline filed for insolvency, two German ministries said on Tuesday.

"This bridging loan will be made available via the KfW (state development bank) and backed by a federal guarantee," said the economy and transport ministries in a joint statement.

The ministries also said they expected a decision from Lufthansa (>> Deutsche Lufthansa) and another airline concerning the sale of parts of the business in coming weeks.

(Reporting by Madeline Chambers and Joseph Nasr)

Stocks treated in this article : Deutsche Lufthansa, Air Berlin Plc

© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
AIR BERLIN PLC 0.00%End-of-day quote.-18.42%
DEUTSCHE LUFTHANSA AG 1.74% 5.918 Delayed Quote.-4.24%
All news about AIR BERLIN PLC
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Managers and Directors
Michelle Johnson Secretary & General Counsel
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