|
|
|
|
TUI Travel and Air Berlin to partner for German flight business
TUI Travel and Air Berlin to partner for German flight business30-Mar-2009 |
|
Airline Code [BER]
View More Air Berlin News Tags :Continental Europe, Air Berlin, TUI Travel PLC, TUIfly TUI Travel PLC and Air Berlin PLC are to enter into a long-term strategic partnership for their German flight business. A corresponding agreement was signed 28-Mar-09. The agreement is based on a cross ownership in which TUI Travel PLC through a subsidiary, will have an interest of 19.9% in Air Berlin PLC and vice versa Air Berlin PLC will hold 19.9% of Hapag-Lloyd Fluggesellschaft mbH/TUIfly.
The Supervisory Boards of Air Berlin, TUI Travel PLC and TUI AG have already approved of the plan. Provided the competition authorities approve of our intention, the transfer of economic responsibility will take effect as of 01-Oct. Until then nothing will change for the customers of both airlines. When the agreement is coming into effect the former TUIfly city routes will be operated under the flight number and product standard of Air Berlin. The tourism business will be marketed unchanged under the TUIfly brand.
(c) Centre for Asia Pacific Aviation. Date posted: 30-Mar-09 |
Other Air Berlin News
|