NEW YORK–(BUSINESS WIRE)–On August 15, 2017, Air Berlin, Germany’s second-largest airline, filed to commence insolvency proceedings under self-administration at the local District Court (Amtsgericht) of Berlin-Charlottenburg. The filing comes after one of Air Berlin’s key shareholders, Etihad Airways, indicated that it would no longer provide Air Berlin with financial support. Kroll Bond Rating Agency (KBRA) understands that the insolvency filing is the closest equivalent under German law to
