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BERLIN

Berlin airport calls for cash to stave off bankruptcy

Berlin Brandenburg Airport (BER) finally opened last year after an eight-year delay, but it already needs a snap injection of large amounts of cash to avoid bankruptcy, the new CEO said on Saturday.

Berlin Brandenburg Airport.
The main entrance to Berlin-Brandenburg Airport. Photo: picture alliance/dpa | Paul Zinken

“We need money quickly, we need cash,” CEO Aletta von Massenbach told the newspaper Tagesspiegel.

The Flughafen Berlin Brandenburg Gmbh (FBB) operator should have enough liquidity available to continue to trade “until the first quarter of 2022”, the CEO said.

FBB also faces clearing a “big payment to reimburse debt” in February.

The operator’s public owners — the federal government and the states of Berlin and Brandenburg — have pledged to pump in 2.4 billion euros ($2.8 billion) by 2026.

“It’s very bitter for us to need so much money for BER,” admitted von Massenbach, who took charge on October 1st. “There is no plan B.”

The airport has been called cursed, after the opening was put off repeatedly amid technical difficulties and allegations of corruption. It has so far cost six billion euros — three times more than planned.

READ ALSO: REVEALED: The real story behind Berlin (BER) airport’s nine-year delay

READ ALSO: ‘No risks’ ahead of Berlin Brandenburg (BER) airport opening in October 2020

And Berlin international finally opened just as international air traffic collapsed with the global spread of the coronavirus pandemic.

It came in for more criticism as the autumn holidays brought chaos to the terminal with huge check-in queues causing passengers to miss flights, partly because of a lack of staff.

Newspapers report regular problems such as dustbins overflowing, damaged tiles, and lifts and escalators frequently being out of service.

Tagesspiegel said the airport management team is next week due to put forward proposals to tackle the problems. And von Massenbach is to have talks with the Transport Minister Andreas Scheuer.

Member comments

  1. This airport is a disaster. I no longer want to fly anywhere because of it. I say blow it up and start over.

    Flying in and out of Tegel was so easy, not we have to deal with hour long security lines, undrinkable water, and where in the hell is this airport? It is so far away from the city.

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TRAVEL NEWS

Germany’s Lufthansa suspends flights to Israel and Iraq

German airline group Lufthansa on Friday suspended flights to Israel and Iraq until early Saturday after Israel reportedly carried out retaliatory strikes against arch-foe Iran.

Germany's Lufthansa suspends flights to Israel and Iraq

Services by airlines of the group to Tel Aviv in Israel and Erbil in Iraqi Kurdistan were suspended until around 6am (CET) on Saturday due to the “current situation”, a spokesman told AFP.

Lufthansa subsidiary Austrian Airlines also decided as a “precautionary measure” to suspend flights to Jordan’s capital Amman, as well as Erbil and Tel Aviv on Friday “to comprehensively reassess the security situation”.

“Austrian Airlines continuously monitors and assesses the security situation in the Middle East and is in close contact with the authorities,” Austrian Airlines said in a statement sent to AFP.

Another subsidiary of the German group, SWISS, said it was suspending Zurich-Tel Aviv services until April 25.

Explaining the relatively long suspension, it said repeated cancellations at short notice in recent weeks had caused problems for passengers.

“With this measure, we aim to provide stability, reliability, and predictability for passengers and flight crews,” it added.

World leaders called for de-escalation, after United States media quoted officials saying Israel had carried out retaliatory strikes on Iran, after the Islamic republic’s missile and drone attack against Israel.

Both Lufthansa and Austrian Airlines have already suspended their flights to and from Tehran up until the end of the month.

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