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Meridiana Buy Stake In Eurofly  
User currently offlineHumberside From United Kingdom, joined Dec 2005, 4949 posts, RR: 4
Posted (9 years 5 months 6 days 2 hours ago) and read 2398 times:

Meridiana is buying a 29.9% stake in Italian leisure carrier Eurofly. Olbia-based Meridiana, which is majority controlled by Prince Karim al-Hussayni, the Aga Khan, is acquiring the shares from Spinneker Luxembourg. Milan-based Eurofly was established with a 45% shareholding by Alitalia in response to the flag carrier's desire to develop the leisure travel market and launched operations in 1990. AZ acquired full control in 2000 and sold its stake to Spinneker in 2003. Eurofly was listed on the Milan Stock Exchange in December 2005, with Spinneker keeping a 44% stake. The carrier operates one A319, eight A320-200s and three A330-200s and emerged as launch customer for the A350-800 late last year (ATWOnline, Oct. 14, 2005), when it also ordered an additional two A330-200s.


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1 replies: All unread, jump to last
User currently offlineMCOflyer From United States of America, joined Jun 2006, 8744 posts, RR: 12
Reply 1, posted (9 years 5 months 6 days 2 hours ago) and read 2381 times:

Very wise decision if they want to introduce long haul services and this could lead to a potential merger.


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