22-Sep-2010 4:06 PM
Transavia pulls out of Denmark; Sterling to benefit
Analysis
Shares in Cimber Sterling slumped 11.8% yesterday, following a 26.1% gain on the previous day. The massive gain occurred as Transavia announced plans to close its operations in Denmark, Cimber Sterling's base country, from 01-Nov-2010, although some routes may continue until 01-Apr-2011 to fulfil certain pre-arranged agreements with travel operators.
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