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TUI Travel PLC signs letter of intent with Royal Air Maroc covering Jet4You ownership

9-Jul-2010 10:23 AM

TUI Travel PLC signed (08-Jul-2010) a LoI with Royal Air Maroc for RAM to take a majority stake in Jet4You, TUI Travel's Moroccan LCC. Jet4You operates services between Morocco and European cities, in addition to charter services predominantly to France and Belgium. The intention of any transaction is to build on the Jet4You market position as a low-cost hybrid carrier and its independent profile. [more]