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Air Berlin PLC

euro adhoc: Air Berlin PLC
Strategic management decisions
Air Berlin creates new engineering company Decisive step to increase cost savings and competitiveness

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Spin-offs/Air Berlin engineering company
09.08.2007
The tariff agreement with ver.di trade unions has cleared the way: 
600 people who have been working for LTU in Düsseldorf and Munich and
for Air Berlin in Düsseldorf will now be working for "Air Berlin 
Luftfahrttechnik Düsseldorf GmbH", under the umbrella of "Air Berlin 
Technik Ltd." (London). They will shortly be joined by the 130 
employees from dba-Technik in Munich. "Air Berlin Technik Berlin 
GmbH" will also be part of the group, which will then have 1,100 
employees.
The plan is that this new, independent technical division will not 
only be servicing the Air Berlin fleet, consisting of 130 aircraft, 
but will also be developing further third-party business. Air Berlin 
is hoping that by merging these technical operations it will achieve 
better utilisation of the facilities at the individual sites and a 
reduction in technical costs. The intention is also to separate these
activities from seasonal flight operations.
By setting up an independent Air Berlin engineering section, the 
company is not only creating additional potential growth for 
third-party business with airlines outside the group, but also 
securing a proportion of the synergies amounting to between 70 and 
100 million euros per annum, which is expected from the acquisition 
of LTU. This is a decisive step to increase cost savings and 
competitiveness.
Air Berlin PLC
The Hour House
32 High Street
Rickmansworth
WD3 1ER Hertfordshire
UK
WKN AB1000 (Ordinary Shares)
Listed on Frankfurt Stock Exchange
(Official Market, Prime Standard)
WKN AONQ9H (Convertible Bonds)
Listed on the Euro MTF market
of the Luxembourg Stock Exchange
end of announcement                               euro adhoc 09.08.2007 07:25:45

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: Classic All Share, Prime All Share, SDAX
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

Plus de actualités: Air Berlin PLC
Plus de actualités: Air Berlin PLC