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I heard that Air Berlin is not capable of funding itself after Etihad backed out, and Lufthansa is in the process of taking it over.
I am wondering if it is advisable to book three months in advance during this ongoing chaos.
If I book in advance can those tickets be cancelled?
As it stands now, Air Berlin is in insolvency proceedings. Competitors are trying to buy various parts of the airline, but anti-trust laws might stop any one competitor from buying the entire company.
I wouldn't pay much in advance of the flight. If the flight does not happen, any claims against the airline might be tied up in the insolvency proceedings, and repaid only late and in part.
In general you should avoid making any business with an insolvent company. If there is any problem which results in them getting in debt to you (like owing you a refund or compensation), they are actually forbidden from paying you directly. You will be put on the list of creditors and won't get a cent until the liquidation is over. And when there is not enough left after they paid their debts to those who have priority (and among those is anyone they owed money to before declaring bankruptcy), you might not get all the money they owe you.
