Air Berlin yesterday reported a €75 million ($99.6 million) loss for 2008, reversed from a €21 million surplus the prior year, but buttressed its long-term future with the sale of a 15.3% stake to Turkey's ESAS Holding and a share swap with TUI Travel's TUIfly. ESAS, which operates Istanbul Sabiha Gokcen-based Pegasus Airlines, acquired the stake held formerly by Len Blavatnik. The shares were sold in January but the buyer was not revealed until Sunday (ATWOnline, Jan. 9). The ...

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