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Air Berlin’s frequent flyer program top bonus has filed for insolvency on August 25, 2017. This the latest sad chapter in the history of Air Berlin, which collapsed earlier in the month when its main banker and major shareholder Etihad Airways refused to pump any more cash into the stricken airline. The collapse finally came despite the German government tossing €150 million into the airline to avoid travel chaos over the summer.
According to a statement on the Topbonus website, the program has filed for insolvency. This will affect members as follows:
- Mileage accrual and redemptions are now suspended
- Topbonus is unable to determine when accrual and redemptions will resume
- Status benefits with partner airlines will still be honored for the time being
- Award tickets already booked with partners will also be honored
- Holders of Topbonus co-branded credit cards will be contacted by their card issuer with further information.
It is a sad state of affairs when an airline goes under, and frequent travelers lose their hard-earned points and miles; however, there might be some hope. According to the Financial Times, while many rival airlines are interested in the assets of Air Berlin including EasyJet, Condor, and Lufthansa, one consortium led by a German industrialist Hans Rudolf Wohrl, is interested in acquiring the whole airline and returning it to profitability. So there maybe hope after all!
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