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EU approves 150m euro bridging loan for insolvent Air Berlin
Published Tue, Sep 5, 2017 · 09:50 PM
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Frankfurt
THE European Commission on Monday approved a German bridging loan for Air Berlin that will keep the insolvent airline's planes flying while it tries to find buyers for its assets.
Air Berlin, Germany's second-largest airline, filed for bankruptcy protection in August after shareholder Etihad Airways withdrew funding following years of losses.
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