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Model of Air Berlin as an independent airline has failed: German Minister

A takeover of Air Berlin as a whole to keep it operating would not be possible, the minister said

Reuters  |  Berlin 

The prospects for maintaining insolvent airline Air Berlin or its existing route network as a coherent whole appeared to be receding after officials warned that the airline was not viable and that a straight takeover would raise competition concerns. A takeover of Air Berlin as a whole to keep it operating would not be possible, German deputy economy minister Matthias Machnig said on Saturday, pouring cold water on one airline investor's approach. "The model of Air Berlin as an independent airline has failed," he told German radio station rbb InfoRadio on ...

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First Published: Sat, August 19 2017. 19:10 IST
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