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German bridge loan for Air Berlin not paid out yet: Economy Ministry
September 1, 2017 / 10:46 AM / 20 days ago

German bridge loan for Air Berlin not paid out yet: Economy Ministry

German carrier Air Berlin aircrafts are pictured at Tegel airport in Berlin, Germany, June 14, 2017. REUTERS/Hannibal Hanschke/Files

BERLIN (Reuters) - The German government’s bridge loan to insolvent airline Air Berlin has not yet been paid but there is no delay to the schedule, a spokeswoman for the Economy Ministry said on Friday.

“The technical implementation of payment is ongoing. Everything is going according to plan,” she said, declining to provide details.

The government agreed in mid-August to provide a 150 million euro ($179 million) loan to ensure that Air Berlin flights continue for a period of three months and to return holidaymakers to Germany and secure thousands of jobs.

Reporting by Gernot Heller; Writing by Maria Sheahan; Editing by Keith Weir

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