Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    51,074.72
    -566.61 (-1.10%)
     

  • CMC Crypto 200

    1,327.24
    -69.30 (-4.96%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

TUI, Etihad end talks over leisure airline joint venture

Reuters - UK Focus

FRANKFURT, June 8 (Reuters) - TUI Group , Europe's largest tour operator, on Thursday said talks were ended with carrier Etihad to form a leisure airline joint venture.

Under initial plans, its TUIfly unit would have combined with Niki, owned by Air Berlin (LSE: 0GPE.L - news) , which is partly owned by Etihad.

"A strong European leisure airline continues to make great strategic sense. After all, the aviation sector is characterised by overcapacity in Germany," said TUI (LSE: 0NLA.L - news) 's executive board member Sebastian Ebel in a statement.

"However, Niki is no longer available for a joint venture. We will push the repositioning of TUI fly further ahead in order to develop long-term prospects for the airline and its employees," Ebel added.

TUI said it remained open for partnerships and joint ventures. (Reporting by Harro ten Wolde; Editing by Ludwig Burger)