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Germania asks court to block govt bridge loan to Air Berlin
August 29, 2017 / 1:38 PM / in 2 months

Germania asks court to block govt bridge loan to Air Berlin

FRANKFURT, Aug 29 (Reuters) - German airline Germania has asked a court to block the German government from providing Air Berlin with a 150 million euro ($180.5 million) bridge loan before the European Commission has given its approval, the Berlin court said on Tuesday.

The regional court said in a statement it would hold a hearing on the matter on Sept. 15.

Air Berlin, Germany’s second-largest airline, filed for bankruptcy protection this month after shareholder Etihad Airways withdrew funding following years of losses. It will now be carved up among investors, with bids due by mid-September.

$1 = 0.8313 euros Reporting by Maria Sheahan; Editing by Tom Sims

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