Oneworld member airberlin, which announced the sale of 49.8% of its Austrian subsidiary FlyNiki to Abu Dhabi-based Etihad for €300 million ($320 million) Dec. 5, said the deal will deliver a much-needed cash injection. The transaction will also make it necessary to adjust the European network from summer 2017. Airberlin—which reported a third-quarter loss of €45.6 million, reversed from a €56.2 million profit in the year-ago period—said the FlyNiki divestment ...

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