German tourism specialist TUI Group has agreed to sell a 53% stake in French long-haul carrier Corsair to German investor Intro Aviation for an undisclosed sum. Intro will acquire the majority stake “as a first step,” TUI said March 18. Following the sale, Corsair’s Employee Benefit Trust will hold 20% of the airline and TUI will initially retain a 27% minority stake, the group said. Corsair operates a fleet of seven long-haul aircraft, comprising two Airbus A330-200s, ...

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