Home Airlines Tui: No sale of TUIfly to easyJet

Tui: No sale of TUIfly to easyJet

0
SHARE

Group denies earlier words of TUIfly board member
Contrary to press reports published on Friday, the world’s biggest holiday company Tui says its German airline branch will not be sold to easyJet.
The reports had appeared after a TUIfly board member said a deal was being considered.
“A cooperation with or a shareholding of easyJet in TUIfly is neither in preparation nor something we aim for,” Henrik Homann, TUI’s airline operations chief, said in a letter to employees also signed by TUIfly’s managing director, Jochen Buentgen.
Martin Locher, a TUIfly board member who is also a pilot, previously said Tui Group was considering a sale of the unprofitable unit to easyJet. He also said Tui was in touch with a least one other possible suitor.
A sale would benefit easyJet as it would boost its market share in Germany at a time when the UK is seeking to exit the European Union. However, TUIfly has a fleet of 41 Boeing 737s, very different to the UK-based low-cost carrier’s 250-plus Airbus A320-family aircraft.
Bloomberg

LEAVE A REPLY

Please enter your comment!
Please enter your name here