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
Air Berlin may be bankrupt, but it has now fully paid back its entire €150 million loan to the federal government of Germany.
André
ex Sabena #26567
ex Sabena #26567
Re: Air Berlin files for insolvency as Etihad pulls funding plug
Air Berlin insolvency administrator had its appeal dismissed by a London court, thus concluding its fight with Etihad over a US$416 million loan arrangement should be heard in England.
André
ex Sabena #26567
ex Sabena #26567
Re: Air Berlin files for insolvency as Etihad pulls funding plug
The Air Berlin insolvency administrator suffered a setback in its dispute with Etihad, as Germany’s Federal Court of Justice dismissed a complaint raised by Air Berlin. The rejection is likely to have far-reaching consequences in relation to the question of whether Etihad can be held liable.
André
ex Sabena #26567
ex Sabena #26567
Re: Air Berlin files for insolvency as Etihad pulls funding plug
Air Berlin administrator Lucas Flother says there is no end in sight to the insolvency proceedings as it will last five to ten years.
André
ex Sabena #26567
ex Sabena #26567
Re: Air Berlin files for insolvency as Etihad pulls funding plug
Air Berlin insolvency administrator is threatened with defeat in a legal dispute over valuable emission certificates for greenhouse gases.
André
ex Sabena #26567
ex Sabena #26567
Re: Air Berlin files for insolvency as Etihad pulls funding plug
Lufthansa and easyJet gained backing from Europe’s second top court for their acquisitions of insolvent Air Berlin assets four years ago. In another deal, easyJet secured unconditional clearance from the EU competition enforcer for the €40 million deal in 2017.
André
ex Sabena #26567
ex Sabena #26567
Re: Air Berlin files for insolvency as Etihad pulls funding plug
Air Berlin insolvency administrator Lucas Flother is no longer demanding compensation from the airline’s former major shareholder, Etihad, as the process would have to be conducted in the UK.
André
ex Sabena #26567
ex Sabena #26567
Re: Air Berlin files for insolvency as Etihad pulls funding plug
Air Berlin's insolvency administrator has so far collected €350 million after five years, as the procedure drags on.
André
ex Sabena #26567
ex Sabena #26567
Re: Air Berlin files for insolvency as Etihad pulls funding plug
Air Berlin former workers in Palma applaud the decision of the Mercantile Court to submit to the EU several questions for a preliminary ruling due to the bankruptcy of the branch in Spain. They expect €1 million to be returned.
André
ex Sabena #26567
ex Sabena #26567