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German gov't looking into loan guarantees for Air Berlin
June 14, 2017 / 12:38 PM / 6 months ago

German gov't looking into loan guarantees for Air Berlin

BERLIN, June 14 (Reuters) - The German government is examining a request for loan guarantees for loss-making Air Berlin, a spokeswoman for the German Economy Ministry said on Wednesday.

“We are looking into this application for a guarantee along with the states of North Rhine-Westphalia and Berlin,” the spokeswoman told reporters.

She added that presenting a “sustainable concept the future” was key to getting such a guarantee.

Air Berlin’s CEO said on Wednesday that details of a request by the German airline for loan guarantees from two German states are “confidential”. (Reporting by Michelle Martin and Thomas Escritt; Editing by Madeline Chambers)

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