EU greenlights state aid to Germany's Air Berlin

BRUSSELS — European Union anti-trust regulators have approved Germany's plan to provide troubled low-cost carrier Air Berlin with a 150-million-euro ($179-million) loan.

The European Commission, which polices EU state aid rules, said Monday that the loan "will allow for the orderly wind-down of the insolvent airline Air Berlin without unduly distorting competition."

The Commission also said the move would help protect the interests of air travelers.

Air Berlin, Germany's second-largest carrier, said last month that it was filing for bankruptcy after its main shareholder, Abu Dhabi-based Etihad, decided to cut its financing.

To allay travelers' fears they might be stranded on summer holiday, the government announced that it would provide a loan so the airline could continue flights for the time being.

Must Read

Clinton to visit ground zero on 9/11 anniversary

Sep 9, 2016

Hillary Clinton is opting to mark the fifteenth anniversary of the September 11 terror attacks with a visit to ground zero

Tommy Hilfiger puts on a really big show; Thakoon returns

Sep 10, 2016

Tommy Hilfiger teamed up with supermodel Gigi Hadid for his latest collection, and then staged a huge carnival on a Manhattan pier to display it, complete with fairground rides, arcade games and cotton candy

Obama will create first marine national monument in Atlantic

Sep 15, 2016

White House says Obama will establish first marine national monument in the Atlantic Ocean

People also read these

Visitor misbehavior abounds as US parks agency turns 100

Aug 28, 2016

Major national parks are grappling with wildlife harassment, illegal camping, vandalism, theft of resources and other visitor misbehavior as the National Park Service marks its 100th anniversary

Historic commercial flight from US lands in Cuba

Sep 1, 2016

The first commercial flight between the United States and Cuba in more than a half century landed in the central city of Santa Clara on Wednesday morning, re-establishing regular air service severed at the height of the Cold War

Malaysia detains 3 suspected militants, foils attacks

Aug 31, 2016

Malaysian police said Wednesday they had foiled possible attacks on the eve of the country's Independence Day with the detention of three suspected Islamic State members

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH