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Air Berlin forced to delay 19 orders

Berlin, Germany - The airline undertakes a cost-reduction programme

Air Berlin, Germany's number two airline, had been forced to delay orders of 19 planes: 11 Airbus A-320 and eight Boeing 737 aircraft. The airline, which is undertaking a cost-reduction programme up to $508 million in 2012 and $1.13 billion in 2013, postpones the deliveries, originally scheduled for 2012 and 2013, until 2015 and 2016. Through the agreement, "Air Berlin's debt load is eased, in...

AVIONEWS - World Aeronautical Press Agency - 1135133

AVIONEWS - World Aeronautical Press Agency
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