Homes and Shares in Spain & Morocco

TUI, Moroccan investors set up no-frills airline JV in Morocco

HANNOVER AFX - TUI AG and private Moroccan investors are setting up a
no-frills airline in Morocco, a TUI spokeswoman said, confirming media reports.
She said TUI will hold 40 pct stake in the joint venture, which is due to
start in the first quarter.
The spokeswoman added TUI's investment in the project is in the small
single-digit million euro range, with TUI also sharing its know-how in the
no-frills airline business.
marilyn.gerlach@afxnews.com
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