EasyJet ‘in talks to buy German airline’ to steep Brexit

Talks have been going on “for some time,” pronounced Martin Locher, an worker deputy on TUIfly’s supervisory board, during a Frankfurt press conference.

TUIfly was in discussions with EasyJet as good as “another airline in a European nation outward Germany” about a probable takeover, he went on.

German business weekly Manager Magazin reported on Thursday that EasyJet was eyeing TUIfly – now a auxiliary of heading debate user TUI – as a takeover aim as it looks for ways to alleviate any intensity Brexit fallout.

EasyJet arch executive Carolyn McCall had ruled out takeovers only a few months ago, Manager Magazin reported, though with post-Brexit doubt appearing she “wants to equivocate a large risk for a organisation with a startling U-turn”.

EasyJet already became a initial UK conduit to activate a strait devise after a Jun 23 opinion to leave a EU, when it announced in Jul it had practical for an atmosphere user certificate (AOC) to continue handling routes via a bloc.

Acquiring TUIfly could concede British-based Easyjet to secure a foothold in a EU and shun ill effects as a United Kingdom quits a mercantile bloc.

As an EU member, British airlines have until now been lonesome by a EU’s Single European Sky system, that rises trade restrictions on airlines with their domicile inside a 28-member union.

Beyond evading Brexit, adding TUIfly’s network and 41 aircraft to EasyJet could concede a British conduit to build on the lines in Germany and mainland Europe.