17.03.2009 – 09:19

Air Berlin PLC

EANS-Adhoc: Air Berlin PLC
Strategic cooperation with TUI Travel

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.

Strategic cooperation

17.03.2009

Ad-Hoc Release pursuant to Sec. 15 Securities Trading Act (WpHG)

Berlin, 17. March 2009, - Air Berlin PLC is in advanced negotiations with TUI
Travel PLC and their affiliated companies with respect to a potential strategic
cooperation regarding the German aviation business. The final approval of the
board of Air Berlin, the approval of the board of TUI Travel PLC as well as of
boards of other involved companies are still outstanding. There is no certainty
that this transaction will be concluded and if concluded may include the
following elements:
•       A group member company of TUI Travel PLC will participate in Air Berlin
PLC with a minority interest which will not exceed 20%. The participation will
be acquired by way of a subscription to new shares on the basis of the
volume-weighted average price of the last twelve weeks.
•       Air Berlin PLC will indirectly acquire a participation in the same
percentage in TUIfly (i.e. in Hapag Lloyd Fluggesellschaft mbH / Hapag Lloyd
Express GmbH).
•       Furthermore, Air Berlin PLC will through Air Berlin PLC & Co
Luftverkehrs KG take over the route portfolio of the city sector of TUIfly
whereby Air Berlin PLC & Co. Luftverkehrs GmbH will utilise aircraft capacities
by means of long-term service agreements with TUIfly.
•       The route portfolio of the charter sector will remain with TUIfly.

If the transaction is satisfactorily concluded, agreements will be 
executed subject to approval by the competent antitrust authorities.

Air Berlin PLC
The Hour House
32 High Street
Rickmansworth WD3 1ER
Hertfordshire Großbritannien
WKN AB1000 (Share)
Frankfurt Stock Exchange
(Official Market, Prime Standard)
WKN AONQ9H (Convertible Bond)
Euro MTF Market
on the Luxemburger Stock Exchange

end of announcement                               euro adhoc

Further inquiry note:

Ingolf Hegner
Head of Investor Relations
+49 (0)30 3434 1532
ihegner@airberlin.com

Branche: Air Transport
ISIN: GB00B128C026
WKN: AB1000
Index: SDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade