Etihad Airways may face a possible legal action by creditors of insolvent Air Berlin. The creditors have approached the administrator to find a firm that can finance the planned litigation. Etihad has been accused by the creditors, that the middle eastern airline fail to meet the financial obligation as being a major share holder of the company. Sources close administrator says that the charges may run into a billion euros.
Air Berlin, was the second largest German Airline reported a loss of € -781.9 million from a revenue of €3.79 billion for the 2016. Following loses and withdrawal of Etihad’s financial support, Air Berlin entered into insolvency procedures on 15 August 2017.
On 9 October 2017, Air Berlin announced to its staff that it would cease all remaining operations under its own AB flight numbers due to its negative financial outlook and bankruptcy proceedings.
On 27 October 2017, Air Berlin’s final flight was operated by Airbus A320 D-ABNW. It departed from Munich at 21:36 and landed at Berlin Tegel at 22:45.