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Lufthansa, TUI, Eurowings discuss airline alliance

23 November 2007

The merger plans of Lufthansa’s Germanwings unit and of TUI’s TUIfly division are set to include Eurowings too, people familiar with the talks told Reuters on Thursday.

The parties plan to build a larger alliance that also involves Eurowings as a third airline, the people said.

Building entrepreneur Albrecht Knauf, who holds a majority stake in Eurowings, may also take a stake in the possible new entity, the people said. Lufthansa owns 49 percent of Eurowings but has all the voting rights and operates the regional airline.

source: Reuters

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