Airbus A320 in joint airberlin, Etihad Airways livery
Airberlin has raised €252 million ($351 million) from the issuing of new bonds as part of its recently announced recapitalization program to return to profitability. The German carrier reported a 2013 net loss of €315.5 million. The oneworld member said it is issuing new bonds alongside the €300 million convertible perpetual bond placed to Abu Dhabi-based Etihad Airways, which has a 29.21% share in the German carrier. Airberlin said the recapitalization, in the amount of ...
Subscribe to Access this Entire Article
"Airberlin implements recapitalization program " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.