The company operates low-priced short haul flights within Europe, and more recently has been offering cheap trans-Atlantic flights between the US and Europe. They also own and operate Austrian-based discount airline Niki, originally founded by racing driver Niki Lauda. The company has been losing money for years, and Abu Dhabi-based airline Etihad, one of the company's major shareholders, finally pulled the plug on providing more operating cash.
Lufthansa, Germany's largest airline, is currently in talks to buy airberlin.
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