The process of crisis detection, reorganisation and restructuring ...

Seminar paper from the year 2020 in the subject Business economics - Business Management, Corporate Governance, grade: 1.0, University of Applied Sciences Essen, language: English, abstract: This assignment investigates the process of crisis detection, reorganisation and restructuring using the example of Air Berlin. In August 2017, Air Berlin went insolvent as the company has not been able to turnaround the crisis, they have been stuck in.First of all, the analysis focuses on the time before and at the beginning of Air Berlin’s crisis. Afterwards, internal and external factors that influenced Air Berlin’s business pre-crisis will be examined to analyze their state in the market. When the crisis occurred, investigation focuses on the different stages of crises through which Air Berlin went by analyzing all relevant financial figures. It is of interest how they reacted to the crisis financially, operationally and strategically. The goal of this research is to elaborate Air Berlin’s crisis and examine key facts that led to the total dissolution in 2017.