IFLR1000

INTRO Aviation acquisition of Corsair airline

19/3/2019
Private acquisition
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Announced

19/3/2019

Overview:

  • German investor INTRO Aviation has reached an agreement to acquire a 53% stake in French airline Corsair from TUI.
  • TUI will retain a 27% stake in Corsair and the company's employee benefit trust will retain 20%.
  • INTRO Aviation invests in airlines and aviation businesses. 

Jurisdictions:

France
Germany

Deal type:

Private acquisition

Practice area:

M&A

Governing laws:

France
Germany

Industry sectors:

Transport
Aviation

Firms:
Allen & Overy

Party: TUI Group (Seller)

Lawyers: Frédéric Moreau, Helge Schäfer

FTPA

Party: INTRO Aviation (Acquirer)

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