Wednesday, February 24, 2016

Air Berlin in new turbulence – Berliner Morgenpost

From Jürgen Stüber

airline has report on farewell the company from the stock market back

Berlin. Terrorist attacks recently in Turkey and France are bad for aviation. Customers stay home if they are able, or travel by car into the Allgäu take by plane to Antalya. The experienced and Air Berlin as a company spokesman confirmed. “However, this will all so,” he said. But that does not make things better: For with Air Berlin crisis. The rehabilitation of the ailing company is not as fast in transition as hoped. The latest figures did little hope for a speedy recovery of Germany’s second largest airline: Passenger numbers have fallen within one year by 7.6 percent, the number of kilometers flown by 8.8 percent. All the attention is now on 28 April, when a company director Stefan Pichler will present the Annual Report, 2015.

Now at Air Berlin a farewell to the stock market is, according to “Handelsblatt” played out. The major shareholders, led by the State Arab airline Etihad, models discussed how they can take from the stock market, Air Berlin, without acquiring the majority stake in the company, it said in the report, citing insiders. Etihad holds 29.2 percent of Air Berlin shares. Conceivable is a merger with the Italian airline Alitalia, where the Arabs hold almost half of the shares. In the evening told a Etihad spokeswoman. “Speculation about the future of Air Berlin (…), are simply a repetition of unsubstantiated claims, as have already been drawn up on several occasions in the past, Etihad Airways commented been no rumors or speculation and is continue to fail to do so. “

Etihad can hardly majority take over as non European company Air Berlin, because then the landing rights of the German airline were lost. Would occur Alitalia Buyers pay attention, this problem would possibly bypassed. Air Berlin had flown the highest loss in its history in the year, 2014. Also in 2015, the company was in the first nine months in the red.

However, also struggling Alitalia with problems. After Air Berlin holds only thanks to cash injections from the Persian Gulf in the air for some time already, Etihad also joined in Alitalia on as a savior. The Arabs need the European partner for feeder flights to its hub Abu Dhabi. Etihad allowed in the EU only control a limited number of destinations.

Last Air Berlin had angered its pilots because the airline has postponed the payment of their future overtime in the summer. Only overtime would be paid immediately, it said the company, referring to the applicable collective agreement. Negotiations with the pilots’ union Cockpit on this issue run. Results could give it the end of the week, it was said in the cockpit. Previously, it was revealed that the 1250 pilot of the company shall refrain in the current year on their negotiated already in 2013 salary increase of four percent. In addition, the remuneration of CEO Stefan Pichler and some 80 executives would be reduced by five to ten percent, the “Mirror” reported.

It had looked it in mid-January after winning Etihad and Air Berlin in the dispute over the so-called codeshare flights before the Oberverwaltungsgericht Lüneburg for relaxation. Designed by Air Berlin nightmare scenario of lost revenue amounting to over 140 million euros or even the loss of 8000 jobs was first off the table.

( with dpa )

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