German government says Air Berlin bridging loan on schedule

A German government bridging loan for insolvent Air Berlin has not yet been paid out but the timetable for disbursing the credit is on schedule, a spokeswoman for the Economy Ministry said Monday. “There are a few technical details but the credit is there and everything is progressing according to the timetable,” the spokeswoman said. The government has agreed a E150m loan to ensure that flights continue for a period of three months and to secure the positions of the airline’s 7,200 employees in Germany.<br/>