Economy

Etihad Airways exploring options for leisure airline Niki

Etihad Airways exploring options for leisure airline Niki

Those talks fell apart in June.

On Tuesday, discount carrier Air Berlin filed for insolvency in a local Berlin court. Niki is not part of the insolvency proceedings.

German rival Lufthansa said in a separate announcement it was in talks with Air Berlin to take over parts of the group.

In a statement, Germany's Transport Ministry said it would guarantee a €150 million loan from state development bank KfW to make sure Air Berlin could continue to run its scheduled services over the next three months.

Amazon Instant Pickup will have your order ready in two minutes
All five locations appear to be existing college pickup spots Amazon already built to ship deliveries to campuses. The program is focused on returning college students but is available to all Prime members.

"Our priority now lies with securing the jobs", said Christine Behle, a union board director.

This also ensures that all aircraft that are now operated by airberlin under a wet lease agreement for Eurowings and Austrian Airlines will continue operating as before.

The news ends months of speculation over the indebted carrier, which had been dependent for some time on cash injections from its largest shareholder, Abu Dhabi-based Etihad Airways. Etihad provided it with €250 million in April but made a decision to pull further funding following a review of its European investments. Ten years ago the carrier was worth around 1 billion euros.

"Etihad has notified Air Berlin of the fact of the fact that it will not provide any further financial support", Air Berlin said in a statement Tuesday. We remain open to helping find a commercially viable solution for all parties.

North Korea backs off threat to attack Guam
Another DPRK statement this morning attacked planned US-South Korea "Freedom Guardian" military drills scheduled for August 21. The standoff has sparked global alarm, with world leaders including Chinese President Xi Jinping urging calm on both sides.

"Air Berlin's business has continued to deteriorate at an unprecedented rate, preventing it from overcoming its significant challenges", it said.

The Emirati national airline said it continues to have codeshares and other business relationships with Air Berlin and will support its management.

Etihad said at the time that Alitalia needed a "fundamental and far-reaching restructuring" and it was not prepared to keep pumping money into the struggling Italian airline. In May, Italian flag-carrier Alitalia went into bankruptcy proceedings, leaving Etihad sitting on a loss of almost $2 billion.

Ford looks back in time with GT '67 Heritage Edition
As for the interior, leather trimmed carbon fibre seats with red stitching are included, with the stitching also carrying over to the steering wheel.


  • Rumour: Zack Snyder's Justice League was unwatchable before Joss Whedon's reshoots

    Rumour: Zack Snyder's Justice League was unwatchable before Joss Whedon's reshoots

    A couple of months ago, Zack Snyder stepped away from the Justice League project due to the tragic passing of his daughter. Before we dig in it should be noted that this should only be regarded as a rumor for now and nothing more.
    Stephen Wooldridge, Australian Olympic cycling champion, dies aged 39

    Stephen Wooldridge, Australian Olympic cycling champion, dies aged 39

    The father-of-two was found dead on Monday, just two years after he was inducted into the NSW Sports Hall of Fame. But along with Peter Dawson, he was awarded a gold medal due to his participation in the preliminary round.
    South Korea Wants To Prevent War

    South Korea Wants To Prevent War "At All Cost", Says President Moon

    Kyeonghi Baek, a professor of worldwide relations at Buffalo State College, is following the developments with great interest. After reports emerged that North Korea has developed a miniaturised nuclear warhead that can fit inside its missiles, Mr.
  • Arsenal's Arsene Wenger not 'super optimistic' on Alexis Sanchez stay

    Arsenal's Arsene Wenger not 'super optimistic' on Alexis Sanchez stay

    Sanchez has been instrumental to Arsenal's fortunes ever since he joined them from Barcelona back in the summer of 2014. Alexis Sanchez could become the next player, who replaced Arsenal at Manchester city .

    Invesco Value Municipal Income Trust

    Berenberg Bank reaffirmed a "hold" rating on shares of BlackRock LT Municipal Advantage Trust in a report on Monday, May 15th. Wells Fargo And Company Mn has 0% invested in MFS High Income Municipal Trust (NYSE:CXE) for 74,935 shares.
    Suns Rookie Josh Jackson Speaks Out on Potential Kyrie Irving Trade

    Suns Rookie Josh Jackson Speaks Out on Potential Kyrie Irving Trade

    The Cleveland Cavaliers defeat the Boston Celtics 4-1 in the Eastern Conference Finals to advance to the 2017 NBA Finals. It's the same around the league, which is why the Irving trade talks continue to bubble but with no real action.
  • Microsoft to launch two new Azure data centres in Canberra

    Microsoft to launch two new Azure data centres in Canberra

    Microsoft is partnering with Canberra Data Centres to add two new regions to their Azure footprint. Microsoft isn't always the fastest company when it comes to new trends and markets.
    Raids, shelling kill 17 Daesh terrorists in Tal Afar

    Raids, shelling kill 17 Daesh terrorists in Tal Afar

    Parts of Iraq and Syria remain however under ISIL control, especially along the border. Iraqi air forces resumed efforts to retake Tal Afar from ISIL fighters on Tuesday.
    Essential Phone from Canada's Telus is a terrifying $1050

    Essential Phone from Canada's Telus is a terrifying $1050

    Qualcomm's Snapdragon 835 SoC fuels this smartphone, while a 3,040mAh battery is also included in the package. It has an edge-to-edge display that takes up nearly the entire front of the device.
  • Football Manager 2018 release date set

    Football Manager 2018 release date set

    Little else is now known about this year's Football Manager; Sega says more details will be revealed in late September. Football Manager 2018 comes out on Friday, 10th November 2017, Sega has announced.
    German economy, Europe's largest, posts 0.6 pct 2Q growth

    German economy, Europe's largest, posts 0.6 pct 2Q growth

    Germany maintained its solid economic performance, despite an unexpected yet mild slowdown in the second quarter. Germany's economy expanded at a slightly slower pace in the second quarter, Destatis reported Tuesday.
    Sidharth Malhotra and Alia Bhatt break up finally?

    Sidharth Malhotra and Alia Bhatt break up finally?

    Yes, apparently, a source told DNA , "Sidharth and Alia have split, and unlike previous instances, this time, it seems permanent". However, the duo have never admitted being in a relationship with each other, but that they were dating was no secret.