Air Berlin files for insolvency as Etihad pulls funding plug

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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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EasyJet confirms that negotiations are continuing with the administrators of Air Berlin regarding a potential acquisition of part of the latter’s operations at Berlin Tegel, resulting in easyJet operating up to 25 A320s at the airport.
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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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Air Berlin (Germany) and easyJet (UK) are expected to announce a deal on 20 October 2017 for the purchase of up to 25 A320s.
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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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An A320 is grounded at Keflavik because of unpaid airport bills:
https://www.welt.de/wirtschaft/article1 ... andet.html

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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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Passenger wrote: 20 Oct 2017, 14:45 An A320 is grounded at Keflavik because of unpaid airport bills:
https://www.welt.de/wirtschaft/article1 ... andet.html
More info on this grounding:
https://www.isavia.is/english/news/isav ... arges/1658

Registration: see:
https://www.aviation24.be/airlines/airbe ... k-airport/

More info on Isavia (from their own website):
"...The Minister of Transport, Communications and Local Government initiated the establishment of a new limited state-owned company, Isavia Ltd., which took over all operations, assets, and obligations of the aforementioned companies on 1 May 2010. The company operates all airports and air navigation services in Iceland and manages their development with accompanying air terminals and structures, in addition to developing and conducting other aviation related operations. The Minister of Finance is responsible for the State’s share in the company, whereas the Minister of the Interior is responsible for strategic planning in collaboration with the company’s Board of Directors. The Icelandic Transport Authority is responsible for administration and oversight of the flight operations of the company...."

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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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Air Berlin and Zeitfracht Group (Germany) reached a deal for the latter to take over the carrier’s freight subsidiary, Leisure Cargo.

On another topic, Air Berlin creditors’ committee decided to provide up to €10 million for the establishment of a transfer company for all employees from the insolvent airline.
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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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Lufthansa plans to scrap the NIKI (Austria) brand name as it integrates the carrier into Eurowings. Lufthansa to apply for European regulatory clearance in early November 2017.
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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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sn26567 wrote: 25 Oct 2017, 19:17 Lufthansa plans to scrap the NIKI (Austria) brand name as it integrates the carrier into Eurowings. Lufthansa to apply for European regulatory clearance in early November 2017.
Isn't Niki Lauda still the majority shareholder in Niki? AFAIK he has 50,2% of the shares while AB did have 49,8%?

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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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sn26567 wrote: 25 Oct 2017, 19:09 On another topic, Air Berlin creditors’ committee decided to provide up to €10 million for the establishment of a transfer company for all employees from the insolvent airline.
Very nice gesture indeed. But what about the thousands of Air Berlin passengers who have bought a ticket that's becoming worthless within a few days? Still no refund for them?

Same applies for the indemnity as per EU 261/2004: those legal obligations are also disregarded by the liquidators.

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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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Bralo20 wrote: 25 Oct 2017, 19:30
sn26567 wrote: 25 Oct 2017, 19:17 Lufthansa plans to scrap the NIKI (Austria) brand name as it integrates the carrier into Eurowings. Lufthansa to apply for European regulatory clearance in early November 2017.
Isn't Niki Lauda still the majority shareholder in Niki? AFAIK he has 50,2% of the shares while AB did have 49,8%?
I don't know. The Niki planes I have seen in the Balearic islands this month were all in Air Berlin colours. Only the regitration was Austrian.
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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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Air Berlin is still in talks with Condor and easyJet over the sale of some of its remaining aircraft, with both parties interested in about 20 aircraft.

EasyJet is looking at setting up a large base at Berlin-Tegel in addition to its current base at Berlin-Schönefeld, while Condor would use the capacity to grow its share in the Germany-Europe leisure market.
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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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Air Berlin Technik (Germany) is to be acquired by a joint venture between Zeitfracht Group (Germany) and Nayak (Netherlands), which will retain 300 of the former’s employees.
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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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Jason Rabinowitz: the pilots of the final @airberlin flight have entered a callsign of "BER4EVR" into the FMS for the airline's final flight. #byebyeairberlin

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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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Some Air Berlin flights are circling over Berlin before landing

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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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Air Berlin settled its outstanding debt with Isavia (Iceland) on 30 October 2017 and the carrier’s grounded A320 was released.
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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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Lufthansa began the European approval process for its takeover of large parts of Air Berlin. The Group is hoping for a so-called Phase I approval from the EU, so that the deal could close in January 2018 and start using Air Berlin capacity.
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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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Live: The final Air Berlin Airbus A330 is returning to its lessor! #BER116P from Düsseldorf to Rio de Janeiro. https://fr24.com/BER116P/f71bd28
.
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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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luchtzak wrote: 06 Nov 2017, 11:02 Live: The final Air Berlin Airbus A330 is returning to its lessor! #BER116P from Düsseldorf to Rio de Janeiro. https://fr24.com/BER116P/f71bd28
Non-stop? When SN flew the Red Devils to Brasil, there was a stop at Dakar.
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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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sn26567 wrote: 06 Nov 2017, 11:29
luchtzak wrote: 06 Nov 2017, 11:02 Live: The final Air Berlin Airbus A330 is returning to its lessor! #BER116P from Düsseldorf to Rio de Janeiro. https://fr24.com/BER116P/f71bd28
Non-stop? When SN flew the Red Devils to Brasil, there was a stop at Dakar.
Never 330s don't have any problem with Europe to Rio.

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Re: Air Berlin files for insolvency as Etihad pulls funding plug

Post by EBAW_flyer »

Also, this flight is empty so it has a lot more range than a fully loaded 330.

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Re: Air Berlin files for insolvency as Etihad pulls funding plug

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Air Berlin is expected by the German government to repay in full the €150 million loan it received from state-owned development bank KfW IPEX-Bank.

With which money?
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