The German airline Air Berlin will stop flight operations by October 28th according to a company spokesperson. The company is informing employees to immediately look for other employment.
Air Berlin filed for insolvency in August and a government loan is keeping its planes in the air to give it time to negotiate with investors for parts of the business.
Talks with Lufthansa (LHAG.DE) and easyJet (EZJ.L) are due to run until Thursday and once a deal for parts of its business has been agreed Air Berlin will have to wind down the rest of the operation.
“After purchase contracts have been agreed, the company must end its own operations step by step,” Air Berlin said in a statement. – Reuters
Featured image By Maarten Visser from Capelle aan den IJssel, Nederland (D-ALPI A330 Air Berlin) [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons