Air Berlin, Germany's second-largest carrier, has filed for insolvency, after its main shareholder declared it would not be providing further financial support.
The airline, which has accumulated debt for almost a decade, reported a record loss of €782 million in 2016.
Flights will continue to operate thanks to a transitional loan of €150 million from the German government.
Its main rival, Lufthansa, is in talks to buy part of the Air Berlin Group.
Air Berlin's passenger numbers have been in freefall. In July, the airline lost a quarter of its customers compared with the previous year.
The carrier has also been plagued by delays and cancellations, for which it has been forced to pay millions of euros in compensation.
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