Creditors to sue Etihad over Air Berlin’s insolvency: source

Creditors are of the opinion that Etihad, Air Berlin’s parent, should have taken care of its issues such that it need not have gone to administration.

As per a source close to the matter at hand, Air Berlin’s creditors are to sue the airliner’s parent, Etihad Airways, for damages over the insolvency of the German carrier.

The creditors have already asked the administrator to find a firm to finance the planned litigation, said the source.

The administrator, Etihad and Air Berlin declined to comment or were not immediately available for comment.

Earlier the administrator had stated it was in the process of assessing claims against Etihad, which could total to more than 1 billion euros.

Creditors are arguing that Etihad, Air Berling’s parent did not meet the financial obligations towards the once Germany’s No.2 aircarrier.

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