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Meridiana Buy Stake In Eurofly

Tue Dec 26, 2006 1:52 am

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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RE: Meridiana Buy Stake In Eurofly

Tue Dec 26, 2006 2:14 am

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

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