TUI acquires 60% of Jet4you LCC
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German Carrier TUI Travel has acquired 60% of the shares of the Moroccan low-cost carrier "Jet4you".
Casablanca (Mohammed V airport) - German Carrier TUI Travel has acquired 60% of the shares of the Moroccan low-cost carrier "Jet4you".
A Jet4you official told MAP the shares purchase came following a partnership agreement between the two parties.
According to the same source, TUI travel could not buy more than 50% of the Moroccan company before Morocco ratified the Open Sky agreement, which allowed Moroccan and European airport authorities to let TUI be part of Jet4you shareholders.
Since its inauguration flight on February 26, 2006 the company has serviced 679 flights linking the cities of Marrakech, Fès and Agadir to Paris-Orly, and Marrakech to Nantes and Bordeaux. The company has flown some 92,255 passengers, reaching a 79% seat fill capacity and a 72% punctuality rate.
MAP
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