Airlines
Air Berlin Files for Insolvency after Etihad Rebuff
Lufthansa and German government pledge to support restructuring effort
An Air Berlin Airbus A320 taxis at Milan Linate International Airport. (Photo: Flickr: Creative Commons (BY-SA) by Anna Zvereva)
An Air Berlin Airbus A320 taxis at Milan Linate International Airport. (Photo: Flickr: Creative Commons (BY-SA) by Anna Zvereva)

Air Berlin filed for insolvency Tuesday after failing to convince its main minority shareholder, Etihad Airways, to keep the German airline afloat with further funding. Lufthansa Airlines said it has agreed to support restructuring efforts and Germany’s Federal Ministry of Economic Affairs and Energy has pledged a transitional loan of €150 million to allow operations to continue during administration proceedings.