Airberlin filed for bankruptcy last month, which comes as no surprise considering the airline’s recent struggles, including the pull-out of its biggest investor, Etihad Airways.
Aviation consultancy CAPA reported airberlin posted net losses in eight of its previous nine years. In response to the filing, the German government agreed to keep airberlin operational with a €150 million bridge loan.
A Lufthansa representative said it was, “supporting the restricting efforts of the airline jointly with the German government. Lufthansa is already in negotiations with the airberlin Group to take over parts of airberlin. Lufthansa intends to conclude these negotiations successfully in due course.”
Etihad responded, “This development is extremely disappointing for all parties especially as Etihad has provided extensively to airberlin for its previous liquidity challenges and restructuring efforts over the past six years. As a minority shareholder Etihad cannot offer funding that would further increase our financial exposure. We remain open to helping find a commercially viable solution for all parties. We expect airberlin operations to continue during administration.”
Read This Next
Introducing
FX Excursions
FX Excursions offers the chance for once-in-a-lifetime experiences in destinations around the world.
#globility
Insta FeedDaily
Dec 10, 2024Hollywood Volume Joins Tribute Portfolio Hotels
It’s relaunch time: Hollywood VOLUME (formerly known as tommie Hollywood) joined Marriott International’s Tribute Portfolio and is ready for its close-up. The relaunch, which provides access to Marriott’s Bonvoy program, builds on the hotel’s location in Hollywood’s Vinyl District with hosted pop-up parties, Tuesday and Thursday social hours with complimentary canapés served in the lobby, and revolving art installations featuring local creators.
Sponsored Content
Royal Air Maroc Relaunches Direct Casablanca–Beijing Route, Debuts Toronto Flight
As part of its international network expansion, Royal Air Maroc will reinstate the direct Casablanca–Beijing route initially launched in January 2020 and suspended just a few weeks later due to the health crisis.
Daily
Dec 10, 2024Pennsylvania’s Nemacolin Opens Hardy’s Holiday Village
Nemacolin shines brighter than ever during the holiday season. This luxury resort in Pennsylvania recently kicked off its holiday programming with its second annual Light Up Night and grand opening of Hardy’s Holiday Village. The new holiday village transforms the property into a winter wonderland, lighting up the night with more than 1 million twinkling lights.
Daily
Dec 10, 2024Regent Hotels & Resorts Presents New Season of Regent Taste Studio
Regent Hotels & Resorts reimagines the world of fine dining with two multisensory pop-up dining experiences, known as Regent Taste Studio, that blend the worlds of culinary and art. Participating chefs come from the brand’s hotels including Regent Phu Quoc, Regent Shanghai on The Bund and Regent Chongqing.
Sponsored Content
United Airlines First to Purchase Sustainable Aviation Fuel for ORD
Chicago O’Hare International Airport will soon receive sustainable aviation fuel, all thanks to United Airlines, which became the first airline to purchase SAF for use at the airport, one of the largest in the United States. Neste, a producer of SAF, will provide up to 1 million gallons of its Neste MY Sustainable Aviation Fuel. The first supply arrived in August.
Daily
Dec 9, 2024London’s Elizabeth Line Wins Award for New Cross-London Rail Project
The winner of the Royal Institute of British Architects’ 2024 Stirling Prize for Best Building in the UK category was awarded to London’s Elizabeth Line, the city’s new Cross-London rail project that revolutionized riding the “tube” for commuters and out-of-town visitors on the relatively new Elizabeth Line.
6 Hotel Openings to Look Out for in 2025
Daily
Dec 6, 2024December 2024
Dec 6, 2024Global Traveler Sings the Praises of the 21st Annual GT Tested Reader Survey Award Winners
Our GT Tested Reader Survey awards has reached its 21st birthday — let’s raise a glass and say cheers as another year of travel comes to a close and it’s time for Global Traveler to announce the 2024 winners of its reader-voted survey. For 21 years, our readers — a group of intrepid, frequent, luxury travelers — have voted for their favorites in our annual survey, from airlines and airports to hotels and credit cards.
Sponsored Content
Discover the Pristine Beauty of the Sporades Islands
Nestled in the northwest Aegean Sea, the Sporades Islands are a hidden gem of Greece, offering breathtaking natural beauty and unique experiences for every traveler. Comprised of four main islands — Skiathos, Skopelos, Alonissos and Skyros — this island cluster is renowned for its lush pine forests, crystal-clear waters and idyllic beaches.
December 2024
Dec 6, 2024Global Traveler Recognizes Winners Achieving Milestone Awards
The 21st annual GT Tested Reader Survey not only celebrates the best in the travel industry but also highlights winning brands who consistently received accolades for years of committed service. From top-notch frequent-flyer programs to favorite cities to credit cards with promising rewards, these winners go above and beyond time and time again.
ShareThis