Air Berlin planes are parked at Tegel Airport in Berlin, Wednesday, Aug. 16, 2017. (Britta Pedersen/dpa via AP)
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The European Commission Monday approved Germany's plans to grant insolvent Air Berlin a 150 million euro ($180 million) loan to allow it temporarily to serve passengers while selling off its business.The 28-nation EU executive effectively refuted critics who say the German government is offering state aid for rival airline Lufthansa to build a monopoly with Air Berlin assets. It said the German government on Aug. 15 had notified the commission of its intent to grant a bridging loan to Air Berlin after Etihad, the main shareholder, withdrew its financial backing for the insolvent firm.
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