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Air Berlin files for insolvency proceedings: statement

[FRANKFURT] Germany's struggling budget airline Air Berlin on Tuesday said it had filed for insolvency proceedings after its main shareholder Etihad Airways said it "would not provide any further financial support".

The German government was providing a bridging loan to keep flights going, it added in a statement, while German rival Lufthansa said in a separate statement it was in talks with Air Berlin to take over parts of the group.

AFP

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