June 13, 2017 / 10:35 AM / 7 months ago

German econ min says Air Berlin situation is precarious

LUDWIGSHAFEN, Germany, June 13 (Reuters) - Air Berlin is in a difficult situation, German Economics Minister Brigitte Zypries said on Tuesday.

Zypries said it worried her and other members of the government when a company the size of Air Berlin runs into difficulties.

“The situation of Air Berlin is precarious,” Zypries said. “Otherwise, a request for a state loan guarantee wouldn’t have been made.”

Last week, Air Berlin said it had asked the states of Berlin and North-Rhine Westphalia to consider loan guarantees. On Friday, the German federal government stepped in to say any support would be contingent on a sustainable business model for the struggling airline. (Reporting by Peter Maushagen; Writing by Tom Sims; Editing by Harro ten Wolde)

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