Air Berlin’s shares were 4.1% lower yesterday. Air Berlin confirmed TUI Travel subsidiary, Leibniz-Service, acquired 8.4 million new Air Berlin shares on 20-Oct-2009, and now controls 9.9% of voting stock in the airline.
Air Berlin realised approximately USD33.5 million in proceeds from the stock issuance, with the proceeds to be used for general corporate purposes.
TUI and Air Berlin cancelled plans to conduct a cross-shareholding agreement in Sep-2009, but Air Berlin still intends to acquire TUI’s city carrier business.
AirAsia sees double-digit pax growth in 3Q2009
In the Asia Pacific region, AirAsia’s shares slipped 0.7%, as the carrier reported a 19% increase in passenger numbers in 3Q009, to 3.6 million, as the carrier expanded capacity (ASKs) by 13%. See related report: AirAsia’s growth continues in 3Q2009: Pax up 19%
Moody’s affirms JetBlue rating
Selected LCCs daily share price movements (% change): 26-Oct-09
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