Germany looking into loan guarantees for Air Berlin

Passengers board a German carrier Air Berlin aircraft at Tegel airport in Berlin, Germany, on Wednesday. (REUTERS)

BERLIN: The German government is examining a request for loan guarantees for loss-making Air Berlin, a spokeswoman for the German Economy Ministry said on Wednesday.
“We are looking into this application for a guarantee along with the states of North Rhine-Westphalia and Berlin,” the spokeswoman told reporters.
She said that presenting a “sustainable concept (for) the future” was key to getting such a guarantee.
Air Berlin’s CEO said on Wednesday that details of a request by the German airline for loan guarantees from two German states are “confidential.”