Air Berlin cancels order with Boeing
The cancellation agreement does not provide for any obligation of the Air Berlin group to make any compensation payments to Boeing.
The cancellation of the acquisition of the ordered aircraft, which currently have a list price of approximately USD 5 billion, will significantly reduce the future capital expenditure.
The delivery would have resulted in a capital expenditure at Air Berlin group in the amount of the reduced purchase price that was actually agreed. However, the Air Berlin group will adapt the existing fleet to its needs by the acquisition or leasing of suitable aircraft, although at a lower number of aircraft than initially envisaged. ■