Air Berlin chief Mehdorn in ejection seat: report

23rd August 2012, Comments 0 comments

Etihad Airways, which owns a 30-percent stake in Air Berlin, is pushing for the removal of Hartmut Mehdorn as the German airline's chief owing to persistent losses, a magazine said Thursday.

Etihad Airways chief James Hogan has lost all confidence in Mehdorn after Air Berlin flew deeper into the red in the first six months of this year, Manager Magazin reported, without revealing its sources.

Furthermore, Air Berlin has already used up a loan from Etihad of $255 million but is still making a loss, the magazine continued.

Hogan was therefore pressing supervisory board chief Hans-Joachim Koerber to start looking for a new chief executive.

Air Berlin flew in a net loss of 66.2 million euros ($82.8 million) in the second quarter, wider than the year-earlier figure of 43.9 million euros.

Mehdorn, 70, formerly head of the Deutsche Bahn public railways, took over as head of Air Berlin about a year ago and his contract runs until the end of 2013.


© 2012 AFP

0 Comments To This Article