Air Berlin placed a €125 million ($177 million) convertible bond with institutional investors outside the US, Canada, Australia and Japan. Part of the inflowing capital will be used to repurchase existing bonds (€90 million nominal value), while the remaining €70 million will be used to refinance future aircraft purchases and improve liquidity. Based on figures reported for the 2009 first quarter, the carrier's equity will improve by €172 million to €504 ...

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