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Air Berlin in recapitalisation talks

Air Berlin is in talks for a recapitalisation to strengthen its finances as publication of its annual results was postponed for a second time.


Germany’s second largest airline had already pushed back to March 27 publication of its annual results, which analysts expect to show a 2013 operating loss of €120 million, Reuters reported.


Air Berlin said it would announce a new date for the results in April.


“The company is continuing its discussions on those measures with certain shareholders and finance providers,” the carrier said.


Air Berlin said last week it was in advanced talks over options that would have a substantial impact, sparking speculation over a possible move by UAE carrier Etihad Airways to gain bigger control over the airline.


Abu Dhabi-based Etihad owns 29.2% of Air Berlin, while Turkey’s Sabanci family own a 12% stake.


Speculation has focused on Etihad raising its stake to 49.9%, prompting a de-listing of Air Berlin shares.

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