Strategic co-operation of Air Berlin PLC with Etihad - Etihad increases shareholding in Air Berlin
19-Dec-2011 Air Berlin PLC announces that Air Berlin PLC and Etihad have agreed an extensive strategic co-operation.Etihad and Air Berlin PLC intend to develop significant measures of co-operation on an operational level on the basis of a commercial co-operation agreement. These measures include a far-reaching codeshare agreement. Air Berlin PLC estimates the effects of the anticipated synergies to amount to approximately EUR 35 to 40 million in 2012. Air Berlin further continues to plan joining oneworld alliance by spring 2012.
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