Berlin airport ‘bankrupt by October’ without €300 million injection

Berlin airport ‘bankrupt by October’ without €300 million injection
Berlin's BER airport. Photo: DPA
Berlin’s long-delayed BER airport is set to go bankrupt by the end of October 2020 unless it receives a cash injection of €300 million, according to a report.

It is the latest setback for the airport, which is still yet to open its doors despite an original opening date of October 2011. 

Berlin’s Tagesspiegel newspaper reports that the airport will be bankrupt by October 31st, 2020 unless it receives a new cash injection of €300 million.

READ: Inside Berlin's long-delayed BER airport

October 31st, 2020, remains the airport's projected opening date. 

Federal Finance State Secretary Bettina Hagedorn, of the centre-left Social Democrats (SPD), wrote to the budget committee of the Bundestag to ask for the funding. 

'No risks' ahead of Berlin Brandenburg (BER) airport opening in October 2020 

The €300 million is made up of €99 million to be transferred immediately, along with €201 million to be paid as a loan. 

The debacle does not end there, however.

The Tagesspiegel reports that internal documents reveal the airport will need up to €700 million, in a ‘worst case scenario’, i.e. where traveller numbers stay low due to the continuation of the pandemic.

The airport’s woes have been compounded by the pandemic.

READ ALSO: The never-ending story: How BER airport became the laughing stock of Berlin


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