Air Berlin is filing for bankruptcy after its main shareholder, the Abu Dhabi-based carrier Etihad, said it would make no more financing available to the German airline. The German government immediately announced that it would provide a bridge loan of about $177 million so Air Berlin can continue to fly for the time being. “Securing the flight operations and the ongoing positive contract negotiations with other airlines to work together with Air Berlin to continue the flight operations under different ownership were the main reasons for the government’s decision to provide a bridge loan,” said a statement from several government ministries. Etihad Airways said the bankruptcy filing was “extremely disappointing for all parties,” adding, “As a minority shareholder, Etihad cannot offer funding that would further increase our financial exposure. We remain open to helping find a commercially viable solution for all parties,”
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