Air Berlin: No end of the insolvency proceedings in sight

Airbus A320 (V1Images.com/Shaun Grist).
Airbus A320 (V1Images.com/Shaun Grist).

Air Berlin: No end of the insolvency proceedings in sight

Airbus A320 (V1Images.com/Shaun Grist).
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On the evening of October 27, 2017, the last Air Berlin plane landed at what was then the capital's airport at Berlin-Tegel. Two months before that, Air Berlin applied for the opening of insolvency proceedings, which continue to this day and the end of which is not yet in sight.

As the Berliner Morgenpost reported, there is no end in sight to the Air Berlin insolvency proceedings. A spokesman for the insolvency administrator Lucas Flöther said to the German Press Agency (dpa), “The Air Berlin process - measured by the number of creditors - is probably by far the largest bankruptcy process in German economic history” and “five to ten years be a realistic estimate for such a mega-process. "

Air Berlin was the second largest German airline behind Lufthansa and most recently operated a pure Airbus fleet consisting of the types Airbus A319, A320, A321 and A330. About 15 million creditors are affected by the opening of insolvency on August 2017, 1,3, but their chances of being reimbursed for their claims are very slim.

However, it is doubtful whether the set 10 years are sufficient for the insolvency proceedings. The insolvency of the former Swiss national airline Swissair (ceased operations on March 31, 2002) is still going on after almost 20 years.

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Stefan Steiner previously worked for an airline and has been part of the Aviation.Direct editorial team since August 2021.

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Stefan Steiner previously worked for an airline and has been part of the Aviation.Direct editorial team since August 2021.

Nobody likes paywalls
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Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

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