Etihad terminates negotiations with TUI AG; Air Berlin to continue with NIKI

Etihad Aviation Group confirms that it has terminated negotiations with TUI AG in relation to a potential joint venture involving the leisure operations of the Air Berlin group and the German TUIfly company. Etihad has taken this decision following many months of negotiations, in good faith, during which time the parties have been unable to reach agreement on the final nature of such a joint venture. The leisure operations of the Air Berlin group will now continue to operate as a separate business unit, under the NIKI brand. Further details of this structure will be announced in due course by Air Berlin. NIKI’s operating schedule remains unchanged with all the bookings being honoured. Customers should contact NIKI directly for any further information.