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  1. RBRUE
    RBRUE at |

    AirBerlin is not dead yet, it’s shares can still be traded at the stock exchange (albeit as a penny stock). Insolvency proceedings may take years as AirBerlin may still have claims against others in its balance sheet. The administrator is now legally required to enforce those claims to better the situation for the creditors of AirBerlin. EY gave a letter of support towards AB in May 2017: “The German company published a record loss for 2016 last month, and Etihad granted the airline 350 million euros in new funds plus a letter of support promising to cover its financial obligations for the next 18 months.” (source: https://www.bloomberg.com/news/articles/2017-05-26/etihad-said-close-to-hiring-bank-to-weigh-air-berlin-stake-sale). But they pulled their support after only three months. So maybe the administrator is trying to enforce the letter of support?

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