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Clement Charpentreau
Germania goes bankrupt, Swiss subsidiary spared

Unable to overcome its liquidity problems, low cost carrier Germania announced that it filed for bankruptcy on February 5, 2019....


AeroTime Team
Finance puzzles: Etihad cuts jobs, Jet Airways planes at stake

After cutting an order of ten aircraft from Airbus,  Etihad now axes dozens of jobs to aid its troubled finances. Meanwhile, another airline in which the Gulf carrier has notable investment - India’s Jet Airways - is trying to solve its own financial puzzles to stay afloat....


Zivile Zalagenaite
Air Berlin fallout: Etihad sued for $2.3B, given deadline

Air Berlin insolvency administrator is suing Etihad for withdrawing financial aid of then-troubled German airline in August 2017. The Berlin court confirmed that such claim was filed, noting that the Gulf airline is sued for 500 million euros and further damages that could amount to two billion euros....


Ruta Burbaite
The many casualties of European airline industry

October has certainly not been a kind month for European aviation in the past few years. Nordic budget carrier Primera Air failed on the one-year anniversary of the collapse of British holiday airline Monarch, which occurred on October 2, 2017. Just recently, on October 17, 2018, Cyprus-based low-cost carrier Cobalt Air announced its closure. And now, Air Belgium might be considering shutting down as well.  ...


Oleg Volkov
Ryanair joins battle for Air Berlin slots at Berlin-Tegel

Irish low-cost carrier Ryanair applied for former Air Berlin slots to base 9 aircraft at Berlin-Tegel airport, which would allow replacing 30% of Air Berlin's capacity with Ryanair's services....


Oleg Volkov
Lufthansa eyeing up to 78 Air Berlin aircraft

Lufthansa hopes to add a substantial number aircraft after the restructuring of Air Berlin, regardless of what happens to the rest of the troubled carrier's assets....


Yulius Yoma
Strikes at Berlin airport force airberlin to cancel 60 flights

airberlin announced that the union ver.di has called for warning strikes on the 8th of February 2017, amongst ground staff at the airports Berlin, Hamburg and Stuttgart. The airline said that it has no alternative but to cancel around 60 flights from its hub Berlin-Tegel from 5 a.m. until 11 a.m. According to some media, the union is demanding higher wages and better conditions for its 2,000 members at the airports....


Yulius Yoma
Austrian Airlines wet leases five airberlin’s A320s

Austrian Airlines and airberlin concluded a wet lease agreement stipulating the lease of five aircraft operated by the airberlin Group. The airplanes will be successively integrated into the Austrian Airlines fleet in the months of March and April 2017....


AeroTime Team
Air Berlin might fire 1,000 staff members

Lufthansa’s subsidiary Eurowings will operate around 40 Air Berlin’s aircraft and their crew, as the Berlin-based airline faces financial trouble. The deal is reported to be concluded in the first week of October 2016 by the three parties, Lufthansa, Eurowings and Air Berlin. The deal might result in Air Berlin’s having to let go around 1,000 of its 8,600 workers in the coming months....