Air Berlin (AB) will sell eight narrowbody aircraft to increase its core capital, enhance liquidity reserves and reduce debt by €300 million ($369.2 million) by year end, it said Wednesday.
Air Berlin (AB) will sell eight narrowbody aircraft to increase its core capital, enhance liquidity reserves and reduce debt by €300 million ($369.2 million) by year end, it said Wednesday. The carrier expects to improve its full-year target from €200 million to €230 million in savings from its cost-cutting Shape & Size program (ATW Daily News, June 13). By the end of June, AB reduced its fleet to 152 from 165 in the year-ago period. By year end, its fleet will be ...
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