Etihad sued for $2.3 billion by Air Berlin insolvency admin
BERLIN (AP) — A Berlin court says the insolvency administrator for bankrupt airline Air Berlin has sued its former largest shareholder, Gulf airline Etihad, for 2 billion euros ($2.26 billion) in damages.
The Berlin administrative court said Friday the suit alleges United Arab Emirates-based Etihad failed to live up to its financial obligations by withdrawing funding from the struggling airline.
The court says Etihad had been supporting Air Berlin and sent a so-called “comfort letter
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