TUI Travel is to take a 9.9 percent stake in Air Berlin. TUI says its Leibniz-Service company will complete the transaction later in October.
Leibniz-Service will acquire 8,437,393 new shares (which are to be issued) of Air Berlin for a price of EUR 3.97 per share. Consequently, Leibniz-Service GmbH will hold a 9.9% participation in Air Berlin. Air Berlin will conduct a capital increase of a corresponding amount, thereby realising EUR 33.5 million in proceeds.
The issuance of the shares and their admission to trading are planned for this month.
Leibniz-Service will reduce its minority shareholding in an orderly sell down over the course of the next years. The proceeds from the capital increase will be used for general corporate purposes.
Air Berlin reported a 4.4 percent revenue per ASK improvement to EUR 6.22 cents in September - the highest figure in at least 18 months. The airline, according to CAPA, has reported impressive increases in RASK over the past two years, stemming from its effective capacity deployment plans and acquisitions that have reduced fare competition in some core market.United Airlines has launched a new subscription service, called Premier Baggage, that allows customers to pay one flat price and check two standard bags at no additional cost every time they fly on a United or United Express operated flight in a year.According to the airline, customers can purchase a subscription for an introductory price of $249, entitling them to check two standard bags on United and United Express operated flights domestically and internationally, where applicable, rather than paying to check bags each trip. The annual subscription also covers the standard checked baggage charge for up to eight companions traveling under the same confirmation number as the subscriber.
United charges $20 to check the first bag at the airport and $30 for the second.
With the addition of the Premier Baggage subscription, Travel Options by United expands to a 13 product portfolio aimed at providing United customers with the opportunity to customise their travel experience. USA Today has launched its iPhone travel application, USA Today AutoPilot, on the Apple App Store.The application was designed and developed in cooperation with Mercury Intermedia of Brentwood, Tenn.
It offers the following features:
AutoPilot – Track trip and flight itineraries. Using the device’s GPS capabilities and users' schedule as a guide, AutoPilot offers real-time updates as the location and travel needs change.
Flight Tracker and Delays - Keeps track of departing or arriving flight via flight number, airport or route. Up to the minute delay information for more that 16,000 airports, 1,400 airlines and 100,000 daily flights.
Travel Directory - One-click phone number or website access from a directory of travel providers, ranging from airlines, hotels and car rental agencies.
Weather conditions, up-to-the minute regional radar and the five-day forecasts at users' exact location via GPS. An option to review national weather maps including Doppler radar, temperature and precipitation forecasts.
The application is sponsored by Hampton Hotels.
The application features a variety of customised Hampton integrations including the ability to map locations and book reservations at over 1,700 Hampton properties nationwide and also receive local area restaurant and attraction information provided by Hampton Hotels.
Leibniz-Service will acquire 8,437,393 new shares (which are to be issued) of Air Berlin for a price of EUR 3.97 per share. Consequently, Leibniz-Service GmbH will hold a 9.9% participation in Air Berlin. Air Berlin will conduct a capital increase of a corresponding amount, thereby realising EUR 33.5 million in proceeds.
The issuance of the shares and their admission to trading are planned for this month.
Leibniz-Service will reduce its minority shareholding in an orderly sell down over the course of the next years. The proceeds from the capital increase will be used for general corporate purposes.
Air Berlin reported a 4.4 percent revenue per ASK improvement to EUR 6.22 cents in September - the highest figure in at least 18 months. The airline, according to CAPA, has reported impressive increases in RASK over the past two years, stemming from its effective capacity deployment plans and acquisitions that have reduced fare competition in some core market.United Airlines has launched a new subscription service, called Premier Baggage, that allows customers to pay one flat price and check two standard bags at no additional cost every time they fly on a United or United Express operated flight in a year.According to the airline, customers can purchase a subscription for an introductory price of $249, entitling them to check two standard bags on United and United Express operated flights domestically and internationally, where applicable, rather than paying to check bags each trip. The annual subscription also covers the standard checked baggage charge for up to eight companions traveling under the same confirmation number as the subscriber.
United charges $20 to check the first bag at the airport and $30 for the second.
With the addition of the Premier Baggage subscription, Travel Options by United expands to a 13 product portfolio aimed at providing United customers with the opportunity to customise their travel experience. USA Today has launched its iPhone travel application, USA Today AutoPilot, on the Apple App Store.The application was designed and developed in cooperation with Mercury Intermedia of Brentwood, Tenn.
It offers the following features:
AutoPilot – Track trip and flight itineraries. Using the device’s GPS capabilities and users' schedule as a guide, AutoPilot offers real-time updates as the location and travel needs change.
Flight Tracker and Delays - Keeps track of departing or arriving flight via flight number, airport or route. Up to the minute delay information for more that 16,000 airports, 1,400 airlines and 100,000 daily flights.
Travel Directory - One-click phone number or website access from a directory of travel providers, ranging from airlines, hotels and car rental agencies.
Weather conditions, up-to-the minute regional radar and the five-day forecasts at users' exact location via GPS. An option to review national weather maps including Doppler radar, temperature and precipitation forecasts.
The application is sponsored by Hampton Hotels.
The application features a variety of customised Hampton integrations including the ability to map locations and book reservations at over 1,700 Hampton properties nationwide and also receive local area restaurant and attraction information provided by Hampton Hotels.
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