Overview
Uwe Goetker, commenting on financially troubled Air Berlin’s effort to secure new investors, said that insolvency occurs if a company can no longer serve at least 90 percent of its liabilities due. A positive continuation prognosis presupposes that the company will remain viable in the current and following financial year, giving the company what he called “a lot of room for maneuver” – while adding it is difficult to predict when a company is broke.
