German carrier Air Berlin (AB) has announced plans to sell a majority stake in its topbonus frequent flyer program (FFP).
German carrier Air Berlin (AB) has announced plans to sell a majority stake in its topbonus frequent flyer program (FFP). “We have decided to migrate topbonus into a new entity and sell the majority of it,” AB CEO Hartmut Mehdorn said, speaking at the release of AB’s third-quarter results (ATW Daily News, Nov. 16). AB is aiming to complete the transaction in the fourth quarter, delivering a “significant improvement” to its earnings and balance sheet ratios ...
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