Air Berlin files for bankruptcy, 5,000 Miles and More for a hotel booking, free 1,000 Marriott Rewards points
– Air Berlin has finally filed for bankruptcy protection – ostensibly this is just to complete the restructuring
According to the ailing German carrier, the German federal government, Lufthansa (LH, Frankfurt Int’l) and other partners are assisting Air Berlin in its restructuring efforts with the government providing a bridge loan allowing it to continue flight operations for the time being.
Air Berlin is in negotiations with Lufthansa and “other partners” to sell parts of its business and it says that these negotiations are “well advanced and promising” and that it expects these negotiations to be concluded shortly.
The prelude to the filing came when Air Berlin’s largest shareholder, Etihad Airways (EY, Abu Dhabi Int’l), notified it earlier today that it no longer intends to provide it with financial support.
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