TUI and Etihad in talks to create new airline group

Sunday, 05 Oct, 2016 0

Etihad Aviation Group and TUI AG today are in discussions to create a ‘strong European leisure airline group, focused on point-to-point flying to connect key tourist markets’.

This new airline group would serve a broad network of destinations from Germany, Austria and Switzerland, and could see Air Berlin merge with TUIFly.

Air Berlin, the second largest carrier in Germany, is in the middle of a restructure and reports say it has agreed to discuss a transfer of its tourism operations to the new Etihad/TUI airline.

Etihad Airways is airberlin’s biggest shareholder, with a 29.21% stake.

Etihad and TUI issued a statement saying: "The leisure airline group will be supported by the expertise of Etihad Aviation Group, the fastest-growing aviation group in the world, and utilise TUI’s state-of-the-art distribution capacity.

"TUI AG, Etihad Aviation Group and Air Berlin PLC intend to finalise an in-principle agreement in due course. Any agreement entered into will be subject to all necessary corporate and regulatory approvals."

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Lisa

Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.

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