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.
Article source: http://www.thelocal.de/20160923/easyjet-in-talks-to-buy-german-airline-to-duck-brexit