Air Berlin and TUI Travel will not implement the cross-shareholding agreement between AB and TUI's German aviation business that was announced in March, although they will forge ahead on their commercial accord as planned. TUI's German airlines, Hapag-Lloyd Fluggesellschaft and Hapag-Lloyd Express, fly under the TUIfly brand. "TUI Travel will now either acquire a 9.9% stake in Air Berlin for a cash consideration of €33.5 million ($48 million), which it will sell over a period of time, ...

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