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Germanwings, Eurowings and TUIfly tie up to create German giant

5 March 2008

Germany’s leisure airline sector could be set for a major consolidation with Germanwings, Eurowings and TUIfly discussing a merger. If completed, the deal would create a group with a combined fleet of more than 100 aircraft and a network of about 185 destinations.

TUI Travel confirms it has signed a memorandum of understanding with Lufthansa and Eurowings majority shareholder Albrecht Knauf concerning the merger, but little else has been revealed.

The airlines will be brought together under a joint independent holding company in the proposed deal, but the companies stress that the process is at an “early stage” and there is “no guarantee” it will lead to an integrated airline group.

fuente: flightglobal.com

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