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TUI says it will form a low-cost airline with Lufthansa

30 January 2008

German travel and transport group TUI and airline Lufthansa are working on creating a new low-cost carrier, the TUI Travel subsidiary said on Tuesday.

The partners have signed a letter of intent for a merger of TUI Travel, Hapag-Lloyd and Hapag-Lloyd Express with Lufthansa units Germanwings and Eurowings, a statement said.

source: AFP

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