Etihad to inject fresh capital into Air Berlin | GulfNews.com:
"Etihad Airways is to inject fresh capital into Air Berlin as it tries to stem the losses of its troubled equity partner.
In a statement on Monday, Etihad said it will purchase €300 million (Dh1.5 billion) in convertible bonds from Air Berlin, while the German carrier will issue another €150 million bond for “general corporate financing purposes.”
Etihad said it supports Air Berlin’s restructuring plans, which includes the appointment of a Chief Restructuring Officer, and reaffirmed that it is investing in the German carrier for the long-term."
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