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airberlin still on the expansion trail

29-Apr-2008

Just as the airports in Berlin are being consolidation following the weekend referendum, airberlin confirmed this week that it remains determined to acquire a 75% shareholding in Condor in Feb-09, and the remaining 25% in 2010. It follows a report which stated the fast-growing carrier was intent on provoking the Federal Cartel Office into rejecting the application by its "lack of co-operation". airberlin also rejected allegation that airberlin could no longer afford to purchase Condor, on account of the ongoing weakness in the airline’s share price. [356 words]

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