Air Berlin, sue, law, courts, Etihad, administrator, creditors, billion, litigation
Air Berlin

Air Berlin creditors plan to sue Etihad

The sum to be sought through the courts could stretch to more than €1 billion.

The creditors of bankrupt German airline Air Berlin have decided to sue its former parent company Etihad Airways, the news agency Reuters reports. The figure to be demanded could be more than €1 billion.

The court action would be to sue for damages over the move by the Abu Dhabi-based airline to withdraw funding last August, which sent Germany’s second-largest carrier tumbling into administration.

According to an unnamed source involved in the process, the creditors have asked the administrator to find a firm to finance the planned litigation.

Air Berlin and the administrator declined to comment to Reuters, while Etihad, which is dealing with a range of problems, was not available for comment.

A billion wanted
The administrator, Lucas Floether, has previously said he was looking at possible claims against Etihad that could reach more than €1 billion, explaining that Etihad had failed to meet its financial obligations toward Air Berlin.

With the money, he wants to satisfy as many creditor demands as possible.

Etihad owned a 29% stake in Air Berlin and had been providing funding for the struggling carrier since first buying shares in it in early 2012. Last April, Etihad assured it would continue to give funding for the following 18 months. But in August it withdrew that support.

Related stories

Etihad’s struggles are just beginning

UK defence official to be Etihad chief

Lufthansa and Etihad strengthen ties


Check Also

Berlin Hauptbahnhof, rail, bomb, war, WWII, defuse, services, train, U-bahn, s-bahn, Tegel, air, bus

WWII bomb to cause Berlin travel chaos

Rail traffic is set to stop after construction workers find a 500kg next to the main station.

European Court of Justice, ruling, airlines, strike, wildcat, lightning, airlines, air travel, sue, claim, compensation

Airlines can now be sued for strikes

A judgement at the European Court of Justice may mean even more passenger compensation claims.

strike, Verdi, Germany, public, SAS, Lufthansa, flights, airport, cancel, flights, long-haul, Scandinavia, Copenhagen, Stockholm, Munich, Frankfurt, Oslo

Strike forces SAS and Lufthansa to cancel flights

Lufthansa is forced to axe more than 800 flights today, while SAS cancels its flights to Germany.

Aeroflot, Russia, discrimination, complaint, USA, court, law, Asian, passengers, Delhi, India, deport, threat

Racial discrimination case against Aeroflot

The Russian airline allegedly threatened Asian-American passengers with deportation.

Ryanair, strategy, Germany, Austria, Niki, Lauda, Laudamotion, Turkey, markets, Europe

Ryanair heads for Turkish delight and Austrian apfelstrudel!

The low-cost giant from Ireland has plans for markets it has so far left untapped.

Laudamotion, Niki, buy, Lauda, flights, Germany, leisure, airline, Ryanair, deal, O'Leary, reason

Why is Ryanair taking over the ‘new Niki’?

Ryanair looks to increase its presence in Germany and Austria as it puts forward a plan to buy 75% of Laudamotion.