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After the main shareholder Etihad declared that she would no longer provide financial support, Air Berlin filed for bankruptcy
Berlin The claim for damages amounting to several billion euros against the main shareholder Etihad, sought by the creditors of the insolvent airline Air Berlin, is getting closer, according to a press release. According to the information provided by the insolvency administrator "Bild am Sonntag", Lucas Flöther is about to enter into a contract with a litigation financier, who bears the costs of the plaintiffs. The creditors had decided on Friday.
The insolvency administrator did not comment on this. "We do not comment," Flöthers spokesman Christoph Möller said on Sunday. According to the newspaper, the creditors' commission expects to pay between 10 and 30 million euros in court fees.
Since 2012, the national airline of the United Arab Emirates holds 29.2% of Air Berlin. He has provided the company several times with fresh money and secured his participation in the German market.
In April 2017, the largest shareholder of the second largest airline in Germany had engaged in a letter of support for at least 18 months. But in August 2017, Air Berlin went bankrupt after Etihad ruled out other cash injections.
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