In a commentary, Zafar Nazim, JPMorgan analyst, has provided an up-to-date assessment of the impact of airberlin bankruptcy announcement on the EA Partner I & II bonds. Nazim states that the bonds are “getting whipped since the announcement, despite lack of evidence of either Etihad or Abu Dhabi withdrawing support”, he further warns that the withdrawal of support for Air Berlin is NOT the same as withdrawal of support for EA Partner bonds. “The former is ultimately a financial decision (which probably should have been taken a while back, in our view) that acknowledges the non-viability of continuing to support

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