|
Air Berlin
Air Berlin GmbH & Co KG Luftverkehrs, today the world's fleet of 131 aircraft flying to 96 points, Germany's second largest airline company.
Esas Holding as of 2009, Air Berlin's 15.3 percent by buying shares in the company became the largest shareholder positions.
Contact Information
| Address |
: |
Air Berlin PLC & Co. Luftverkehrs KG
Saatwinkler Damm 42-43
D-13627 Berlin |
| Phone |
: |
01805 - 737 800 |
| Fax |
: |
+49 (0)30 41 02 10 03 |
| Web |
: |
www.airberlin.com |
Esas Holding now Air Berlin's Biggest Shareholder
Esas Holding is now Air Berlin's biggest shareholder following the acquisition of a 15.3% stake in Germany's second, and Europe's fifth largest airline.
The Federal Germany Cartel Office has approved the transfer of shares, paving way for Esas Holding to become Air Berlin's biggest shareholder following the purchase of 15.3% of the airline, which was coordinated by Swiss bank UBS.
The approval of the transfer of shares on 27th April 2009 means Ali Sabancı, Pegasus Airlines Chairman and Member of the Board of Esas Holding, will now represent Esas Holding on the Board of Air Berlin.
Having previously expressed interest in M&A (Mergers and Acquisitions) on several occasions, Ali Sabancı reveals: "Consolidation is already widespread in Europe and the rest of the world, as it should also now be in Turkey. Mergers are increasingly a way for airlines to reduce costs and expand their network on a global scale. 2009 will also be a tough year for Turkey, and we know that only the well-managed companies will survive. As Esas Holding, we have set our vision beyond Turkey and see value in investing in EU countries. We were encouraged by Germany's significance within the EU, as well as Air Berlin's strength and management team.
With this acquisition, Esas Holding is now the biggest shareholder of Air Berlin, an airline boasting a 124-strong fleet as Europe's fifth and Germany's second largest airline.
About Pegasus Airlines The largest privately owned airline in Turkey, Pegasus Airlines was founded in 1990. Owned by Esas Holding, part of the Sabanci family group of companies, Pegasus Airlines is managed by Chairman Ali Sabanci and General Manager Sertaç Haybat.
About Air Berlin
Air Berlin is Europe's 5th largest airline with a 124-strong fleet, flying to 132 destinations in 41 countries across 5 continents world-wide. In addition to passenger services, Air Berlin also provides cargo and maintenance services. Carrying 28,559,220 passengers in 2008, Air Berlin's revenue reached EUR 3.4 bn.
|