The order book for the airberlin PLC bond issued on Wednesday was closed today and the subscription period was ended, because the order volume exceeded the issuing total of EUR 100 million. The bond with a coupon of 11.5 percent will be issued at 100% of its nominal value and will be redeemed at 100% of its nominal value on 1st November 2014, subject to prior early redemption.
airberlin CFO Ulf Hüttmeyer stated: “I am very pleased with the result. In this manner, we have pro-actively provided the requirements for refinancing existing liabilities despite difficult framework conditions in the market.”

airberlin is Germany’s second largest airline. The company has a workforce of 8,900 employees. In 2010 alone, airberlin received over 10 awards for service and quality. The fleet comprises 168 aircraft with an average age of five years, making it one of the most modern fleets in Europe. The airline’s state-of-the-art jets are highly fuel efficient, which contributes toward a long-term reduction in pollution emissions from aircraft. As one of the major European airlines, airberlin flies to 163 destinations in 39 countries. In 2010, the airline carried 33.6 million passengers. airberlin has signed up for membership to the global airline alliance oneworld® and is expected to become a full member at the start of 2012. airberlin operates codeshare flights with the oneworld members American Airlines, British Airways, Finnair, Iberia, Malév and S7.