Air Berlin
(AB) will sell eight narrowbody aircraft to increase its core capital, enhance
liquidity reserves and reduce debt by €300 million ($369.2 million) by year
end, it said Wednesday.
The carrier
expects to improve its full-year target from €200 million to €230 million in
savings from its cost-cutting Shape & Size program
By the end
of June, AB reduced its fleet to 152 from 165 in the year-ago period. By year
end, its fleet will be reduced to 144 aircraft.
ATW
Photo:Flying Photos - Faro
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