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LTU ends takeover talks with spanish airline

30 December 2006

LTU, a German holiday-charter airline which has shown interest in taking over Air Madrid, said Friday it had ended talks on acquiring any stake in the Spanish airline.

“‘LTU has no intention of acquiring shares in Air Madrid,'” a spokesman for the Dusseldorf-based company told Deutsche Presse-Agentur dpa. The talks had ended and there were no arrangements to resume them. He did not state the reason.

source: Playfuls

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