KLM has sold its 9% interest in TUI Nederland to the German parent TUI Group for €7.25 million ($8.19 million), earning KLM a €5.6 million profit. The Dutch flag carrier had acquired the stake in 1996, the result of a merger of Arke and Holland International, in which TUI Group held 91% stake and KLM the remainder via its interest in Holland International.
Source: Flight International
Southwest Airlines will end its signature “open” seating model and offer premium seating options as it seeks new revenue sources to address concerns around the business’s performance.
Berniq Airways has placed a firm order for six A320neo-family aircraft, Airbus confirmed during Farnborough air show on 23 July.
Turkish Airlines aims to begin rolling out its new business-class suites next year on 777s
