NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Easyjet near taking stake in TUIFly - manager magazin

Published 22/09/2016, 12:38
© Reuters. An Easyjet plane is seen at Lisbon's airport
EZJ
-
TUI1n
-

BERLIN (Reuters) - British budget carrier easyJet (L:EZJ) is close to taking a stake in German airline TUIFly in order to secure flying rights in Europe even after Britain leaves the European Union, German publication manager magazin reported on Thursday, citing sources.

EasyJet could be left without the rights to operate inner-European flights, which analysts estimate account for around one third of its business, should Britain leave the EU without negotiating access to the common EU aviation area.

EasyJet CEO Carolyn McCall has therefore been looking at ways of obtaining the necessary licences to continue to operate as an EU carrier.

© Reuters. An Easyjet plane is seen at Lisbon's airport

TUI Group (L:TUIT), which owns TUIFly, and easyJet declined immediate comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.