ESAS Holding AS acquires 15 percent stake in Air Berlin

Air Berlin Profile

According to ESAS Holding, the execution of the share purchase agreement is subject to the approval of the German Federal Cartel Office. ESAS Holding AS will be represented on the Board of Air Berlin PLC with one Non-Executive Director.

With this share purchase agreement, Air Berlin PLC, Germany's second largest airline and the fifth-largest airline in Europe, has obtained a second new major shareholder, after, on 27-Mar-09, a subsidiary of TUI Travel PLC had already acquired a minority interest not exceeding 20 percent, in the company. ESAS Holding AS now holds the majority of the equity stake previously owned by Len Blavatnik. At the beginning of January, Blavatnik had notified Air Berlin PLC that he had sold his shares.

(c) Centre for Asia Pacific Aviation. Date posted: 30-Mar-09



For in-depth analysis of the low cost airline sector worldwide, subscribe now to the peerless Peanuts! Weekly

Other Air Berlin News

• airberlin: Direct flights now available from Berlin to Basel
• Change of Chairman of the Board at Air Berlin
• Service with a smile above the clouds: Air Berlin is looking for flight attendants
• Air Berlin with new GSA for Dubai
• Air Berlin: New routes for winter
• Air Berlin: Increased number of passengers in Jul-2010
• Fly Air Berlin to Swedish Lapland
• Air Berlin starts two times a week from Düsseldorf to Israel’s metropolis Tel Aviv
• Air Berlin goes for major expansion of Tel Aviv flights
• Air Berlin is starting its first service to Gdansk this summer