By Travel-Guy, 1 year and 3 months ago
Air Berlin CEO Sees No Takeover
Remember that you can Fly WestJet and Save.
Air Berlin was undervalued but expected no takeover of the carrier, its chief executive told a German magazine.
«There is no proof that a rival will acquire us,» Joachim Hunold said in an interview published in Der Spiegel magazine on Monday.
The carrier, which has recently expanded its network through the purchase of domestic rival DBA and charter carrier LTU, has been the subject of takeover speculation in recent months.
Deutsche Bank said this week it had raised its stake in the airline to 16.36 percent, but that its holding was purely financial and not strategic.
Hunold said there was no reason to doubt Deutsche Bank's comment, although the carrier was «fully undervalued».
(Reuters)
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