|
|
Article: Germany: Air Berlin takeover of TUIfly city route sector approved.
- Article from:
- TendersInfo
- Article date:
- September 10, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: pinto03
Air Berlin PLC and TUI Travel PLC welcome positive decision by the German Federal Cartel Office that allows Air Berlin to take over the city flights network of the Hapag-Lloyd Fluggesellschaft mbH (TUIfly) airline, starting with the 2009/10 winter flight schedule. At the end of March of this year, TUI and Air Berlin signed a corresponding agreement and (originally) a 19.9% cross-shareholding deal between their two airlines was submitted to the German Federal Cartel Office for approval. However, the cross-holding originally planned will now not be implemented by the two companies. Whether TUI can take a 9.9% stake in Air Berlin PLC or whether a ...