Creditors of insolvent German airline Air Berlin are considering whether to sue its major shareholder Etihad for billions of euros in damages, a spokesperson for the airline’s insolvency administrator, Lucas Floether, says.
The creditors’ committee is scheduled to meet on Monday to discuss putting the claim forward.
German newspaper Sueddeutsche Zeitung reported that Floether expected the airline to demand either 1 billion or several billion euros in damages, depending on whether the claim came from Holding Air Berlin or its subsidiary, Air Berlin Luftverkehrs KG.
The insolvency administrator has already gathered opinions from industry experts but, as Floether stressed in a statement in January, due to the incurring costs, they would only…
Read the full article at: https://finance.nine.com.au/2018/03/06/00/17/insolvent-air-berlin-weighs-suing-etihad
