Etihad calls off plans for TUI air­line joint ven­ture

NIKI to op­er­ate as a sep­a­rate leisure car­rier…

Travel Daily ME - - News -

air­ber­lin an­nounced in De­cem­ber 2016 that it had reached an agree­ment with Etihad In­vest­ment Com­pany LLC for the sale of the shares it in­di­rectly held in NIKI Luft­fahrt GmbH.

air­ber­lin and Etihad have con­firmed that this sale will pro­ceed at a time to be agreed and in a man­ner com­pli­ant with Euro­pean Union reg­u­la­tions. Etihad and air­ber­lin will pro­vide fur­ther de­tails in due course.

Un­til this sale is com­pleted, NIKI will con­tinue to op­er­ate as a sep­a­rate busi­ness unit within the air­ber­lin group with a fo­cus on short and medium-haul leisure des­ti­na­tions.

The NIKI flight sched­ule for win­ter 2017 has been pub­lished and all book­ings re­main valid.

Thomas Winkel­mann, Chief Ex­ec­u­tive Of­fi­cer, air­ber­lin said: “Within the air­ber­lin group there will be two clearly iden­ti­fied sep­a­rated di­vi­sions: flights to long-haul des­ti­na­tions and to ma­jor busi­ness cen­tres through­out Ger­many, and the rest of Europe, will be op­er­ated by air­ber­lin from Dus­sel­dorf and Berlin.

“NIKI, as a stand­alone busi­ness, will of­fer flights to pop­u­lar leisure des­ti­na­tions for hol­i­day­mak­ers.

With this, both the new air­ber­lin, and the leisure busi­ness op­er­ated by NIKI, can be prop­erly ad­dressed with the right or­gan­i­sa­tion and re­sources un­til the ac­qui­si­tion of NIKI is com­pleted.”

Ray Gam­mell, In­terim Chief Ex­ec­u­tive Of­fi­cer of the Etihad Avi­a­tion Group added: “We con­tinue to sup­port the ef­forts of the air­ber­lin man­age­ment team as it con­tin­ues its trans­for­ma­tion. Sim­i­larly, our com­mit­ment to sup­port NIKI still stands and we aim to fi­nalise the trans­ac­tion soon.”

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