Legal Updates

On 4 September 2017, the European Commission ("Commission") approved the German Government's plans to grant Air Berlin a temporary €150 million bridging loan. The decision follows the airline's filing for insolvency on 15 August 2017, which was triggered by a withdrawal of financial support by Etihad, its largest private shareholder. The German Government notified the loan to the Commission on the same day. The purpose of the loan is to allow Air Berlin to continue operations in the coming months, whilst it continues ongoing negotiations to sell its assets.

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