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Air Berlin-TUIfly cross-shareholding plans withdrawn, but TUIfly city flight takeover approved

15-Sep-2009

Air Berlin and TUI Travel announced they would no longer implement the cross-shareholdings that were previously announced. However, the other commercial agreements and the strategic benefits of the transfer of TUIfly’s scheduled flying business will remain. [1161 words]

Unlock the following content in this report:

Subheadings:

  • Takeover will strengthen Air Berlins’ presence in Cologne, Stuttgart and Italy
  • TUI Travel to focus on remaining touristic flights portfolio
  • BlueBay acquires bonds
  • Unit revenues improve in Aug-2009
  • Select network expansion continues
  • Union concerns

Graphs and data:

  • TUI Group 
  • Air Berlin revenue RASK growth (% change year-on-year): Jun-2008 to Aug-2009
  • Air Berlin vs AEA passenger growth (% change year-on-year): Jan-2008 to Aug-2009 
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