04.02.2008
FLUG REVUE

2008-02-03 - TUI + Germanwings mergerTUIfly and Germanwings to merge

Fusion von TUIfly und Germanwings angestrebt<br /> On 29 January , TUI Travel PLC has signed a Memorandum of Understanding with Deutsche Lufthansa AG and Albrecht Knauf Industriebeteiligung GmbH, allowing the parties to proceed with plans to merge their subsidiaries Hapag-Lloyd Fluggesellschaft GmbH, Hapag-Lloyd Express GmbH, Germanwings GmbH and Eurowings Luftverkehrs AG under a joint and independent holding company.

The prerequisites for the conclusion of legally binding agreements will be a due diligence process and negotiations of the specific details. The merger will require approval by the relevant bodies of the companies involved and by the anti-trust authorities.




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