Bridging loan approved for Air Berlin

victoria@aviationnews-online.com
By victoria@aviationnews-online.com September 6, 2017 12:46

Bridging loan approved for Air Berlin

The European Commission has approved a €150 million bridging bad credit payday loans direct lenders no credit check for Air Berlin provided by the German government to keep the insolvent airline’s aircraft in the air while it tries to find buyers for its assets.

“The measure will allow for the orderly wind-down of the insolvent airline Air Berlin without unduly distorting competition,” the commission said in a statement.

The deadline for bids for the airline’s assets is September 15.

victoria@aviationnews-online.com
By victoria@aviationnews-online.com September 6, 2017 12:46