Air Berlin Files for Bankruptcy
Aug 29, 2017, 10:54 am
#196
Join Date: Apr 2015
Location: Wrocław, Poland
Programs: SK *S, LH *S; Accor ALL Gold
Posts: 231
AB is terminating several long-haul routes.
Long-haul routes from TXL getting the cut:
- AUH
- ORD
- SFO
- LAX
Additionaly, DUS-BOS is also getting terminated.
Final flights on these routes will happen between mid-September and October 1st.
Long-haul routes from TXL getting the cut:
- AUH
- ORD
- SFO
- LAX
Additionaly, DUS-BOS is also getting terminated.
Final flights on these routes will happen between mid-September and October 1st.
Aug 30, 2017, 10:00 am
#199
Join Date: Apr 2010
Location: STR
Programs: BA Gold
Posts: 168
Nothing is sold yet, its an contest until 13th September and then their might be a first deciscion on 15th September.
Aug 30, 2017, 10:35 am
#200
Moderator, Finnair
Join Date: May 2011
Location: MMX (CPH)
Programs: Eurobonus Diamond, QR Gold, AY+ Platinum, A3*G, Nordic Choice Lifetime Platinum, SJ Prio Black
Posts: 14,178
According to email sent from topbonus ("Program information: restart based on insolvency proceedings") insolvency proceedings are "expected to start at the beginning of November 2017".
Does that have any bearing on the time frame within which AB will continue to operate, or is that simply what court dates the process has been given?
Does that have any bearing on the time frame within which AB will continue to operate, or is that simply what court dates the process has been given?
Aug 31, 2017, 8:39 am
#203
FlyerTalk Evangelist
Join Date: Mar 2008
Location: Netherlands
Programs: KL Platinum; A3 Gold
Posts: 28,742
Sep 4, 2017, 10:11 am
#204
FlyerTalk Evangelist
Join Date: Mar 2008
Location: Netherlands
Programs: KL Platinum; A3 Gold
Posts: 28,742
Brussels approves Germany’s €150m Air Berlin loan
Originally Posted by Financial Times
Brussels has approved Germany’s €150m bridging loan to Air Berlin, keeping the country’s second largest airline flying through the summer while the state negotiates the sale of the company’s assets.
<snip>
To minimise competitive harm, the loan installments will be paid only after the regulator is shown each week that “all existing liquidity has been used”. The loan is limited to a maximum of €150m and will need to be fully repaid within six months. If the money cannot be repaid, Germany will have to submit a winding-down plan to the EU competition officials for approval.
<snip>
To minimise competitive harm, the loan installments will be paid only after the regulator is shown each week that “all existing liquidity has been used”. The loan is limited to a maximum of €150m and will need to be fully repaid within six months. If the money cannot be repaid, Germany will have to submit a winding-down plan to the EU competition officials for approval.
Sep 5, 2017, 12:08 am
#207
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,187
Sep 5, 2017, 12:50 am
#208
Join Date: Jul 2003
Location: Australia
Programs: QF LTS, Marriott LTP, ALL GOLD
Posts: 2,440
Which is why we see most of the longhaul routes being cut before then and any fares being sold on short haul are in the highest fare buckets ie not really attractive for fwd bookings. My guess is 31 October will be their last day flying.
Sep 5, 2017, 2:38 pm
#209
Join Date: Jul 2015
Location: DFW
Posts: 522
AB is terminating several long-haul routes.
Long-haul routes from TXL getting the cut:
- AUH
- ORD
- SFO
- LAX
Additionaly, DUS-BOS is also getting terminated.
Final flights on these routes will happen between mid-September and October 1st.
Long-haul routes from TXL getting the cut:
- AUH
- ORD
- SFO
- LAX
Additionaly, DUS-BOS is also getting terminated.
Final flights on these routes will happen between mid-September and October 1st.