Etihad Lends Its Support to Air Berlin Despite Mounting Losses

Air Berlin Plc, Germany’s second largest airline, recently decided to go in another direction. That direction meant purging nearly half it’s fleet of planes and costing the company a substantial amount of money, something that would make most investors nervous. But Etihad Airways PJSC, which happens to own a good chunk of the company, is standing by the airline by saying they’re actually going in the right direction.

Etihad Lends Its Support to Air Berlin Despite Mounting Losses