Air France-KLM low-cost carrier (LCC) Transavia will shut down its base in Munich, Germany, by Oct. 31, the company said in a statement. “We have to adjust our business model constantly to new market conditions,” Transavia MD Mattijs ten Brink said. “We decided to change our strategy and to concentrate on growth opportunities within our home market. Therefore, and because of the carefully evaluated profitability prospects, a base in Munich is no longer part of this ...

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