Home News Airberlin in “advanced” strategic talks

Airberlin in “advanced” strategic talks


Carrier pushes back release of annual results

Airberlin says it is in advanced talks to discuss options that could have a substantial impact on the airline. It refuses to be more specific, but as a result of the talks it is pushing back release of its annual results by a week to March 27.

The airline is almost 30% owned by Etihad Airways. It is facing tough competition from other low-cost carriers such as easyJet, which is expanding in Germany.

Airberlin posted its first profit in five years in 2012, but only by selling a majority stake in its frequent flyer program to Etihad. It has warned that it will revert to a loss for 2013 unless it finds additional sources of income.


[pictured: airberlin and Etihad Airways unveil joint livery, January 2014; courtesy airberlin]


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