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 ...

Subscribe to Access this Entire Article

"Airberlin: FlyNiki 49.8% sale to bring much-needed cash injection" 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?

Already registered? here.