Business Traveller (Middle East)
Topbonus and Air Berlin file for insolvency
TOPBONUS WAS LEFT with “no other option” than to suspend its programme after Air Berlin filed for insolvency. Members can access accounts but the earning and redemption of miles remains suspended, according to a website statement.
Etihad Airways expressed “disappointment” over Air Berlin’s decision to file for insolvency. The German airline said it would continue flying with the help of bridging government loans, said it may buy parts of the airline.“This development is extremely disappointing for all parties, especially as Etihad has provided extensive support to Air Berlin for its previous liquidity challenges and restructuring efforts over the past six years,” Etihad said 2011, and has since invested heavily in the struggling German airline.
A oneworld statement says all flights operated by airberlin and affiliate NIKI continue as normal.