September 1, 2017 / 10:46 AM / in 4 months

German bridge loan for Air Berlin not paid out yet: Economy Ministry

BERLIN (Reuters) - The German government’s bridge loan to insolvent airline Air Berlin AB1.DE has not yet been paid but there is no delay to the schedule, a spokeswoman for the Economy Ministry said on Friday.

FILE PHOTO: German carrier Air Berlin aircrafts are pictured at Tegel airport in Berlin, Germany, June 14, 2017. REUTERS/Hannibal Hanschke/File Photo

“The technical implementation of payment is ongoing. Everything is going according to plan,” she said, declining to provide details.

The government agreed in mid-August to provide a 150 million euro ($179 million) loan to ensure that Air Berlin flights continue for a period of three months and to return holidaymakers to Germany and secure thousands of jobs.

Reporting by Gernot Heller; Writing by Maria Sheahan; Editing by Keith Weir

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