BERLIN — Struggling German carrier Air BerLin says it's filing for bankruptcy after its main shareholder, Abu Dhabi-based Etihad, said it would make no more financing available.
The Economy Ministry and Transport Ministry said Tuesday in a statement that the airline would get a loan of 150 million euros ($177 million) so that it can continue flights for the time being.
The ministries say "we're in a time when many tens of thousands of
The airline, which didn't answer calls, said in a statement that after Etihad pulled funding, it "came to the conclusion that there was no further positive way ahead for Air Berlin."
