Airberlin—which reported a 2013 net loss of €315.5 million ($437 million)—is planning a “substantial” recapitalization program to return to profitability. The carrier’s 2013 net loss was reversed from a €6.8 million profit a year ago when it posted the first profit in five years by selling a majority stake in its frequent flyer program to Etihad Airways. CEO Wolfgang Prock-Schauer called 2013 a “very challenging and very disappointing year. The ...

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