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Air Berlin Plc filed for insolvency after leading shareholder Etihad Airways PJSC withdrew its financial support, marking the second failure of a major European airline in four months after the Persian Gulf carrier pulled the plug on funding Italys Alitalia SpA in May.
While Air Berlin said in a statement Tuesday that it will continue flying with the help of government loans, the filing puts thousands of German jobs at risk wee…
Read the full article at: https://www.bloomberg.com/news/articles/2017-08-15/air-berlin-files-for-insolvency-after-etihad-withdraws-support