Air Berlin of Germany is all set to bring back itself to profits before next year and will be rolling out its plan by December end.

Abu Dhabi-based carrier Etihad owns it partly. Chief Executive of the firm, Hartmut Mehdorn said that the plan may lead to cutting down of 900 jobs. Air Berlin has incurred profits of 4.5% since last year because of cut in costs. However, the net debt also gained a 5% increase over the three months and reached to 853 million euros, that is almost four and a half times of its shares.

Air Berlin, said to be the second biggest carrier in Germany, has knocked the doors of court to seek compensation from the makers of new international airport in Berlin.

Air Berlin has alleged that the airport's opening has been repeatedly delayed by the consortium. Air Berlin's Chief Executive Hartmut Mehdorn said they waited a lot and now they want their compensation through courts.