“There is no second trial”: Air Berlin CEO sees last chance renovation – n-tv.de NEWS

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 Saturday, May 16, 2015

 
 
 

 
 “This is our last shot,” said Air Berlin CEO Pichler overlooking the Group restructuring. If the loss-making airline need fresh money, then it will close. Because no one wants to throw good money after bad, so the manager.
 

 
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For Air Berlin is what the current restructuring program in the opinion of 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”.

After years of unsuccessful permanent rehabilitation 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 CEO. 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 had bought in 2011 almost 30 percent of the shares of Air Berlin and holds the company since then with cash injections in the air. The Community flights of Air Berlin Etihad are competitors such as Lufthansa an eyesore. These so-called codeshare agreements should remain an isolated incident, a spokesman for the Federal Transport Minister Alexander Dobrindt had said in April.

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Pichler nevertheless expressed confidence that Community flights are still 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 thus increasing aircraft utilization, while the major shareholder Etihad more destinations can offer the world.

  Source: n-tv.de
 

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