Air Berlin denies having financial difficulties

March 31, 2014 1:36 am

Germany’s Air Berlin has said has sufficient funds to run its business, denying claims by an investor rights group that it was trying to hide its financial difficulties by twice delaying publication of its annual results, Reuters has reported. The airline, in which Etihad Airways has a 33% stake, postponed publication of its results for the second time in a week, saying it was in talks for a recapitalisation to strengthen its finances. “The company has sufficient liquidity and also has additional flexibility through an undrawn shareholder loan,” the carrier said.