TUI AG, the world’s largest holiday company, said its German airline unit won’t be sold to U.K. discount operator EasyJet Plc after a board member revealed earlier that a deal was being considered.
“A cooperation with or a shareholding of EasyJet in TUIfly is neither in preparation nor something we aim for,” Henrik Homann, who runs TUI’s airline operations, said in a letter to employees that was also signed by Jochen Buentgen, TUIfly’s managing director.
