Etihad Aviation Group (EAG) has approved plans to create a new European leisure airline in a joint venture (JV) with German travel company TUI Group. The new airline will have a fleet of around 60 aircraft, offering a capacity of 15 million seats per year, with a focus on point-to-point flying to connect key European tourist markets. The transaction is subject to approvals by aviation regulatory bodies and anti-trust authorities. ATW understands the new airline will have a 35% market share ...

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