Air Berlin planes are parked at Tegel Airport in Berlin, Wednesday, Aug. 16, 2017. (Britta Pedersen/dpa via AP)
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Air Berlin PLC filed for insolvency after leading shareholder Etihad Airways PJSC withdrew its financial support, marking the second failure of a major European airline in four months after the Gulf carrier pulled the plug on funding Italy's Alitalia SpA in May.Etihad said that it withdrew funding after Air Berlin's operations deteriorated at an "unprecedented pace" in recent months. The state-owned Mideast carrier's links to Germany, which include a code-share agreement with Lufthansa, remain important and it is ready to assist in finding a "commercially viable" solution for Air Berlin, according to an emailed release.Lufthansa is keen on acquiring Air Berlin assets including still-solvent Austrian leisure arm Niki, while EasyJet PLC has expressed an interest in other parts of the business, including German short-haul operations, people familiar with the talks said.
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