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Air Berlin CEO blames delays to new airport for insolvency
short by Krishna Veera Vanamali / on Wednesday, 16 August, 2017
Germany's second-largest airline Air Berlin's CEO Thomas Winkelmann has blamed long delays in the opening of a new Berlin airport for the airline's insolvency. Winkelmann's comments came a day after Air Berlin filed for bankruptcy amid key shareholder Etihad Airways withdrawing funding after years of losses. The government has granted a loan of over $175 million while negotiations continue.
read more at Reuters