FACTBOX-Five facts about Air Berlin's deal with TUI Travel

March 30 | Mon Mar 30, 2009 7:30am EDT

March 30 (Reuters) - TUI Travel (TT.L) published details of a cross-shareholding agreement with Air Berlin (AB1.DE) on Monday that will give it a 19.9 percent stake in the German carrier. [ID:nLU173418]

Following are five facts about the deal:

* TUI Travel buys 19.9 percent stake in Air Berlin via capital increase. Air Berlin buys a 19.9 percent stake in TUI Travel's German carrier TUIfly.

* TUI Travel pays at least 64.8 million euros ($85.71 million) in cash for the new shares, while Air Berlin pays 36.3 million euros for the TUIfly stake.

* Price paid by TUI Travel could rise to as much as 68.2 million euros if certain minority shareholders participate in Air Berlin's capital increase

* Air Berlin will operate 17 of TUIfly's aircraft under its own brand on city routes and carry all related commercial risks.

* TUI Travel will receive the right to nominate one non-executive director to the board of Air Berlin. ($1=.7560 Euro) (Compiled by Maria Sheahan; editing by Simon Jessop)

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