Air Berlin (AB) is looking for strategic investors and has contacted Etihad Airways and Haikou-based HNA Group, parent of Hainan Airlines, the German daily Sueddeutsche Zeitung has reported. The financially troubled AB operates a codeshare agreement with HNA. AB CEO Hartmut Mehdorn told ATW earlier this month that the carrier may extend its cost-cutting program, Shape & Size, into 2012. Shape & Size is expected to reduce its fleet size by 10% and improve earnings by €200 ...

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