Air Berlin to cut 1000 jobs, reduce fleet

Air Berlin to cut 1000 jobs, reduce fleet:

Loss-making airline Air Berlin is set to reduce its fleet by half and cut 1000 jobs by the end of 2016, German newspaper Sueddeutsche Zeitung reports.

The airline, which struggles to post profits due to tough competition in the industry and the delayed opening of Berlin Brandenburg Airport, plans to reduce its fleet to about 70 aircraft and cut 1000 of its 8600 jobs, the report said.

The Munich-based newspaper cited industry sources as saying Air Berlin’s biggest shareholder, Etihad Airways, was in talks with Lufthansa and travel company TUI over disposing of unwanted parts of the troubled airline.

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