Air Berlin PLC

EANS-Adhoc: Air Berlin PLC
Acquisition of the TUIfly City Carrier Business by Air Berlin

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Strategic Collaboration

07.09.2009

London, 7 September 2009 - Air Berlin PLC and certain TUI Travel PLC group companies have agreed, in furtherance of their agreement entered into on 27 March 2009, that Air Berlin PLC & Co. Luftverkehrs KG will assume City Carrier business flight portfolio of TUIfly (i.e., Hapag-Lloyd Fluggesellschaft mbH/ Hapag-Lloyd Express GmbH) for the winter flight plan 2009/10.  The long-term service agreements with TUIfly provide for the assumption of aircraft capacity, with initially 13 aircraft.  As was originally planned, the charter flight portfolio remains with TUIfly.  The parties will not carry out the originally planned cross-shareholding. Instead a TUI Travel PLC group company will either acquire a 9.9% holding (on the basis of a share price of EUR 3.97) in Air Berlin PLC, or alternatively, pay Air Berlin PLC a compensation of EUR 15 million.  If a TUI Travel PLC group company were to acquire this minority shareholding in Air Berlin PLC, such group company would reduce this shareholding in a scheduled manner over the course of the next years.  The German Federal Cartel Office ("Bundeskartellamt"-FCO) has permitted the acquisition of the City Carrier Business. The possible acquisition of a minority interest of a TUI Travel plc group company in Air Berlin PLC requires final clearance with the FCO.

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ots Originaltext: Air Berlin PLC & Co Luftverkehrs KG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Ingolf Hegner
Head of Investor Relations
+49 (0)30 3434 1532
ihegner@airberlin.com

Branche: Air Transport
ISIN:      GB00B128C026
WKN:        AB1000
Index:    SDAX, Classic All Share, Prime All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade



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