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Tag Archives: Air Berlin

IATA calls for review of bankruptcy laws to lessen incidents of stranded passengers

The International Air Transport Association (IATA) has called for countries to take a second look at bankruptcy regulations to lessen incidents involving stranded passengers. However, the industry trade body said no to a proposal of a rescue fund that would repatriate customers. The call stems from some high-profile airline insolvencies that happened in Europe last year. Britain’s Monarch and Germany’s Air Berlin both belly up last year. However, the process …

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Passenger rights group takes legal action to shift insolvency proceedings for Niki to Austria

A passenger rights group has taken legal action to move the insolvency proceedings for budget carrier Niki from Germany to Austria. The potential shift could have dire consequences for the sale of Air Berlin to Britain’s IAG. Fairplane, which is seeking to recover over 1 million euros explains that Niki owes to passengers, and filed different legal cases to halt insolvency proceedings in Berlin and instead, send them over to …

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EU expresses concerns on impact on competition over Lufthansa’s plan to take over Air Berlin routes

The European Union voiced out its concerns over the possible impact on competition Lufthansa’s takeover of Air Berlin’s routes might have on competition. “We have quite deep competition concerns because there is a risk that on some routes Lufthansa becomes de facto a monopoly,” said EU Competition Commissioner, Margrethe Vestager. The caution comes in the wake of Lufthansa offering concessions to persuade the European Commission to approve its proposed purchase …

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German regulator asks Lufthansa for fare price information after Air Berlin’s collapse

The German cartel office has requested national carrier Lufthansa for information on airfare prices after receiving complaints over skyrocketing rates after the collapse of Air Berlin. Air Berlin stopped operations last month after filing for insolvency back in August. Lufthansa has proposed to take on an estimated 80 planes from its fallen rival, pending the approval from the EU’s competition regulator. “We have asked Lufthansa to provide information on pricing,” …

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EU gives go signal for German financial assistance for insolvent Air Berlin

Anti-trust regulators of the European Union have given the green light to plans by the German government to provide Air Berlin a temporary bridging loan that is essential to keeping the insolvent carrier operational until it is broken up and purchased to investors. The loan, which amounts to 150 million euros (178.76 million dollars) would facilitate the “orderly wind-down” of Air Berlin “without unduly distorting competition,” the EU Commission said, …

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German tourism body pins blame for Air Berlin failure on German taxes and regulations

German taxes and regulation have made it possible for foreign carriers to encroach on the market share of local airlines, thus contributing to the failure of Air Berlin, reported Germany’s tourism trade body. Air Berlin – the country’s second-largest airline – filed for bankruptcy protection this month after shareholder Etihad Airways backed off funding after several years of losses. “Conditions distorting competition allow foreign competitors to carve out an increasingly …

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Ryanair lobbies for German Bundeskartellamt and the EU Commission to stop Lufthansa-Air Berlin takeover

Ryanair has urged the German Bundeskartellamt and the EU Commission to halt the collusion between the German government, Lufthansa and Air Berlin to carve up Air Berlin’s assets, while excluding major competitors and ignoring both competition and State Aid rules, and called for urgent action to block this anti-consumer take-over. This liquidation is being timed to allow Lufthansa to take over a debt-free Air Berlin, which will be in violation …

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Ryanair says Air Berlin insolvency is “conspiracy”

Ryanair considers the move by Lufthansa – Europe’s largest airline – to take over parts of the insolvent rival Air Berlin as a “conspiracy” to hinder the Irish carrier’s expansion. Air Berlin on Tuesday filed for insolvency after shareholder Etihad announced it would no longer provide more resources. It turned to the German government for a 150 million euro ($176 million) loan to keep flights going as it negotiates a …

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