Air Berlin is still a European airline despite the 29 per cent stake held by Abu Dhabi's state-owned Etihad Airways, Germany's transport ministry said on Thursday, meaning that in German eyes it should keep its European operating licence
Air Berlin, which is 29 per cent owned by Abu Dhabi-based carrier Etihad, is cutting the number of seats it offers by 5 per cent and scrapping some of its routes as part of latest restructuring efforts to return to profits.
Germany has suspended a decision to block Abu Dhabi-based airline Etihad from selling tickets for some flights operated by partner Air Berlin, the German carrier said on Thursday.
Last week, Air Berlin said 34 so-called codeshare
Air Berlin and Alitalia , both soon to be part-owned by UAE’s national carrier Etihad Airways, have agreed to cooperate on over 400 routes from later this month, hoping to boost ticket sales.
The airlines, both battling to r
Abu Dhabi-based airline Etihad has been denied approval to add its code to some flights operated by partner Air Berlin to Germany, meaning the German airline could lose out on passengers that it needs to fight its way back to profit.
Abu Dhabi-based Etihad is set to hire Air Berlin finance chief Ulf Huettmeyer to manage its airline holdings around the world, a person familiar with the matter told Reuters.
Such a move would leave Germany's second-biggest airline
German airline Air Berlin, 29-per cent owned by Abu Dhabi-based Etihad Airways, has cancelled orders for Boeing aircraft worth a total of $5 billion at list prices as it strives to curb spending and return to profit.
Air Berlin ha
There have not yet been any decisions regarding a probe into Etihad's stake in airline Air Berlin and whether it complies with European Commission rules, a spokesman for the German transport ministry said on Friday.
German airlines Lufthansa and Air Berlin said they will resume flights to Israel on Saturday, lifting a ban imposed in response to fears that rockets being fired from the Gaza strip could pose a threat to aircraft.
"On the ba
Air Berlin's management is considering splitting the group in two, German magazine Focus reported on Sunday, citing remarks by one of the company's senior managers.
Air Berlin, in which Gulf carrier Etihad owns a 29.2 perc