CB investors on the hook after Air Berlin files for bankruptcy

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CB investors on the hook after Air Berlin files for bankruptcy

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dpatop - An Air Berlin plane taxiing to a runway in the rain at Tegel Airport in Berlin, Germany, 16 August 2017. The airline filed for insolvency on 15 August. Photo: Paul Zinken/dpa | Paul Zinken/DPA/PA Images

Air Berlin, the second biggest airline in Germany, is at risk of defaulting on more than €600m equivalent of bonds, including €130m of convertible bonds, after the carrier filed for insolvency.

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