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” in April 2017 assuring its continued backing for 18 months. But it then stopped the funding in August 2017, forcing Air Berlin to file for bankruptcy.
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The suit asks for 500 million euros compensation and unspecified further damages, which the court estimated in total at some 2 billion euros.
Etihad has until the end of January to respond.
It did not immediately reply to an email seeking its response.
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