Air Berlin has one last shot at turnaround: CEO
Berlin
AIR Berlin has one last shot at turning itself around, its chief executive told a German newspaper, underlining the scale of the challenge facing Germany's second largest airline.
The budget airline, 29 per cent owned by Abu Dhabi-based Etihad, has made operating losses in four of the last five years and changed its chief executive four times in the last three years as it seeks to stem losses and reduce debt. "It's our last shot. We have…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Tesla to cut 400 jobs in Germany via voluntary programme
GE Aerospace raises earnings goal on strong engine sales
UPS profit beats estimates as cost cuts offset weak delivery demand
General Motors beats quarterly results targets, raises forecast
‘Heavy congestion’ in South-east Asia transhipment ports prompts feeder operators to levy surcharge
Renault Q1 sales rise 1.8%, helped by financing business