Unsecured creditors of Air Berlin debt are out of luck: insolvency report
Unsecured creditors of the failed airline Air Berlin should not expect to recover any of their claims, according to an insolvency report Wednesday. The report, written by insolvency manager and administrators Lucas Floether and Frank Kebekus, said any remaining hope for creditors to recover assets evaporated after Lufthansa scrapped plans to buy Air Berlin’s Niki unit for E189m. Germany’s flagship carrier made the U-turn on its plans to buy Niki after Brussels signaled antitrust concerns. Former motor racing champion Niki Lauda eventually won the bidding for the Niki airline he founded for an undisclosed price.<br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2018-01-25/oneworld/unsecured-creditors-of-air-berlin-debt-are-out-of-luck-insolvency-report
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Unsecured creditors of Air Berlin debt are out of luck: insolvency report
Unsecured creditors of the failed airline Air Berlin should not expect to recover any of their claims, according to an insolvency report Wednesday. The report, written by insolvency manager and administrators Lucas Floether and Frank Kebekus, said any remaining hope for creditors to recover assets evaporated after Lufthansa scrapped plans to buy Air Berlin’s Niki unit for E189m. Germany’s flagship carrier made the U-turn on its plans to buy Niki after Brussels signaled antitrust concerns. Former motor racing champion Niki Lauda eventually won the bidding for the Niki airline he founded for an undisclosed price.<br/>
