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Len Blavatnik sells 18.94% of Air Berlin stake to undisclosed investors

15-Jan-2009

Air Berlin Group announced Len Blavatnik, the company’s largest shareholder, sold his 18.94% stake to a group of unidentified buyers. Recorded trading volumes show that Mr Blavatnik did not sell his Air Berlin stake via the stock market. [922 words]

Unlock the following content in this report:

Subheadings:

  • Partnership with Etihad on the cards?
  • Continues to earn profits
  • LCC airberlin becomes a yield-chasing hybrid, with business class
  • Traffic up 12.9% year-on-year in 2008
  • It gives access to the German market and beyond
  • Expands Russian route network

Graphs and data:

  • Air Berlin non pro-forma financial highlights: 3Q08
  • Air Berlin operating and net profit margins: 1Q05 to 3Q08
  • Air Berlin traffic highlights for 12 months ended 31-Dec-08
  • Air Berlin Group traffic highlights for Dec-08
  • Air Berlin's domestic and European route network
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