Aviation

airberlin files for insolvency German Government offers support

airberlin has today filed to commence insolvency proceedings under self-administration at the local District Court (Amtsgericht) of Berlin-Charlottenburg, in order to continue with the restructuring process that is already underway.

The Federal German Government, Lufthansa and other partners are supporting airberlin in its restructuring efforts. The Federal Government is supporting airberlin with a bridging loan to maintain flight operations for the long-term.

This means:

• All flights operated by airberlin and NIKI will continue as planned

• The flight schedule remains valid

• Bookings remain valid

• All flights can still be booked

Negotiations with Lufthansa and other partners regarding the acquisition of business units of airberlin are far advanced and highly promising. These negotiations may be finalised shortly.

Thomas Winkelmann, CEO of airberlin: “We are working tirelessly to achieve the best possible outcome for the company, our customers and employees, given the situation.”

The background of today’s announcement is the notification by Etihad that it no longer intends to provide airberlin with financial support.

Aviation

Boeing, Antonov to Collaborate on Defense Projects

– MOU represents Boeing’s commitment to work with Ukrainian industry

– Includes exploring opportunities for collaborating on in-country support of Unmanned Aerial Systems

A Memorandum of Understanding was signed today by Boeing and Antonov Company to investigate potential collaboration on defense-related projects.

“We’re happy to keep collaborating with the Antonov Company to help Ukraine’s economic development and expansion,” stated Ted Colbert, CEO and president of Boeing Defence, Space, & Security.

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“This agreement demonstrates our ongoing efforts to find more opportunities to work with Ukrainian industry, which was underscored by our signing of the Ukrainian Defence Industry Compact earlier this year.”

The areas of potential collaboration identified in the agreement consist of training, logistical support and overhaul services for tactical Unmanned Aerial Systems utilized by the Ukrainian Armed Forces, which includes the ScanEagle. In addition, the companies will also explore opportunities for Antonov to provide engineering support to Boeing.

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“A strong, innovative, and efficient defense industry is key to sustainable economic development and national security, and we are extremely excited to collaborate with Boeing,” said Ievhen Gavrylov, CEO of Antonov Company.

This agreement brings a whole new level of opportunity to implement the latest and most effective solutions – in addition to the possibility of future projects with Boeing in the aerospace and defense industry.”