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Monday, 03 September 2012 08:48

Rescue planned for Berlin Brandenburg airport

Berlin Brandenburg said to be on the brink of bankruptcy

A crisis meeting is planned in Berlin on Wednesday to hammer out a temporary rescue plan for the yet-to-open Berlin Brandenburg (BER) airport in Schönefeld, which is said to be on the brink of bankruptcy. As reported, the opening of the airport has been postponed, twice. These delays are costing the state-owned company behind it, FBB, millions of euros a week, so that it may go into receivership by the end of November according to the newspaper Berliner Morgenpost. There is still considerable uncertainty as to when the first plane can take off and land there, and the embarrassing delay is a blow to the reputation of the German capital.
It was originally problems with fire and disaster safety that got politicians to call off the grand opening scheduled for June 3 at short notice. Now it appears that a fudge in the construction is costing the company additional costs of around a billion euros to rectify the damage.
Borsen

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