August 28, 2017 / 9:48 AM / 4 months ago

German government says Air Berlin bridging loan on schedule

BERLIN (Reuters) - A German government bridging loan for insolvent Air Berlin (AB1.DE) has not yet been paid out but the timetable for disbursing the credit is on schedule, a spokeswoman for the Economy Ministry said on Monday.

    “There are a few technical details but the credit is there and everything is progressing according to the timetable,” the spokeswoman told a regular government news conference in Berlin.

    The government has agreed a 150-million-euro ($179 million) loan to ensure that flights continue for a period of three months and to secure the positions of the airline’s 7,200 employees in Germany.

    Reporting by Caroline Copley; Editing by Paul Carrel

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below