For Air Berlin is what the current remediation program according to estimates by CEO Stefan Pichler all or nothing. “This is our last shot, we have to make it now, there’s no second try more”, Pichler said the “Sueddeutsche Zeitung” on Saturday
After years of unsuccessful rehabilitation period under Ex-head of Deutsche Bahn Hartmut Mehdorn and his successor Wolfgang Prock-Schauer inside out Pichler the Group had approximately 9000 employees around. “We do not anticipate that we will again need money this year,” said the reigning since February, Air – Berlin – boss. If the airline, in its capital base after years of losses gaping hole of 560 million euros, but need fresh funds, it is expected to be tight. “The turning point we have to deal with on its own,” said Pichler. “No one likes throwing bad money after good.”
The Arab airline Etihad bought in 2011 almost 30 percent of the shares of Air Berlin and the company has since held with financial injections in the air. The Community flights of Air Berlin with Etihad are competitors such as Lufthansa an eyesore. These so-called codeshare agreements should remain an isolated incident, a spokesman for Transport Minister Alexander Dobrindt had declared in April. Pichler nevertheless expressed confidence that the community will continue to flights approved. He assumes that “you do not want to bear the responsibility in the federal government to destroy a company with 9,000 jobs and re-establish a monopoly in some areas”.
obtained by the codeshare agreements Air – Berlin connections within Europe and of Germany in the United Arab Emirates flight number of Etihad. Air Berlin , increasing aircraft utilization, while the major shareholder Etihad more destinations can offer the world.
(Final) hf ~
ISIN GB00B128C026
WEB http://www.airberlin.com ~
(APA / Reuters)
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