Air Berlin sells bulk of frequent flyer program

Published December 18, 2012 10:15am ET



BERLIN (AP) — Lossmaking German carrier Air Berlin says it has sold a majority stake in its frequent flyer program to Abu Dhabi-based Etihad.

Air Berlin said Tuesday that it expects to receive €184.4 million ($242.7 million) from the sale of 70 percent of the program.

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