Air Berlin

Ryanair alleges conspiracy between Lufthansa management and Air Berlin

Ryanair alleges conspiracy between Lufthansa management and Air Berlin

Alleging a conspiracy between Lufthansa management and Air Berlin, budget airline Ryanair filed a complaint with European Union (EU) competition authorities on Tuesday.

Ryanair filed the complaint after Air Berlin filed for bankruptcy protection and received a government loan of 150 million euro ($177M) to stay afloat.

The government loan is expected to help Air Berlin to keep flights going on for the next quarter months, allowing the company’s negotiations for a possible deal with German airline Lufthansa to continue.

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Air Berlin Calls Investors to Invest €450m for Restructuring

Air Berlin Calls Investors to Invest €450m for Restructuring

Air Berlin, German low-cost airline, has requested investors to invest €450m to finance a 'comprehensive restructuring' of the business. The airline does not want its own ownership structure to be affected, after facing loss last year.

Etihad Airways, main shareholder of the airline, has subscribed to a subordinated bond worth €300m, which will issue a new bond of at least €150m. Etihad will offer new bonds with maturity in 2019 and will make exchange offer to bondholders with notes due in 2014 and 2015.

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