clickair and Germanwings team to increase destinations

Wednesday 30th April, 2008

clickair and Germanwings, the leading low fare airlines in Spain and Germany, will make selected flights between their respective countries available to each other’s passengers following the ratification of an innovative online marketing agreement. The partnership is aimed at increasing the number of destinations offered on their respective websites.

Effective immediately, passengers browsing www.clickair.com for flights from Barcelona to Germany can select clickair’s s own destinations (Frankfurt, Berlin and Munich) but also Stuttgart and Cologne, whereupon they are redirected to the Germanwings website (www.germanwings.com) to complete the transaction.

Conversely, Germanwings passengers originating from Frankfurt, Berlin and Munich will now have the option of selecting Barcelona as a new destination and be redirected to the clickair website to chose their flight and complete their purchase.

“We are delighted to offer these new connections to our customers. It exemplifies two key traits of our airline: giving the broadest range of choices to our passengers and implementing them through an innovative, yet simple method.” said Alex Cruz, CEO of clickair.

Thomas Winkelmann, Germanwings CEO, added that by introducing collaborative initiatives such as this cross marketing agreement, “Passengers benefit from a broader offering at competitive prices and companies like ours lead the way in bringing down the cost of low fare travel to more European consumers.”

“In Germanwings and its CEO Thomas Winkelmann, we have found a like-minded partner and equally a forward looking partner,” added Cruz. “We both believe that this agreement, a world-first, is a good example of how ‘new generation’ operators are transforming the airline industry like never before in the last half century.”

Editor’s Notes

clickair operates a 24-strong fleet of Airbus A320 aircraft. Its headquarters are at Barcelona’s El Prat Airport and it employs a total of 730 people. The company’s shareholders are five major Spanish companies, each with a 20% share of the equity. These are: Iberia airlines; Nefinsa (parent of Spanish regional carrier Air Nostrum); Spanish construction group ACS, through its Cobra affiliate; hotel and resort company Iberostar and Querus Equity, a private equity fund, part of the Agrolimen Group.

clickair offers prices starting at 30€ and operates 60 routes to 55 destinations in Spain, Continental Europe, the British Isles and North Africa.

On March 31, 2008, the Madrid “Mercado Continuo” Stock Exchange was formally advised of the negotiations being held between the shareholders of Vueling (Spain MC: VLG) and those of clickair with a view to merging the operations of both companies. Talks and due diligence are currently in progress regarding the transaction structure, a pro-forma business plan and P&L for a unified company, a tentative management structure, and the valuation criteria applicable to both parties. Vueling, which is also based in Barcelona, operates with a fleet of 21 Airbus A320. It is owned by Hemisferio Investments (Lara Family), with 28.6% of the shares, Inversiones Atalaya (several small savings banks) with 5%, individual Board Members, with 3%, and the remaining equity is publicly traded on the Madrid SE.

www.clickair.com

Germanwings is one of the most successful low cost airlines in Europe. During 2007 the airline carried eight million passengers. Fares start from 19 Euros including all taxes, fees and charges, to more than 69 destinations around Europe from five bases: Cologne/Bonn; Stuttgart; Berlin-Schonefeld; Dortmund and Hamburg. The low-cost airline operates a young jet fleet currently consisting of 27 Airbus A319s.
Flights can be booked at www.germanwings.com or by calling +44 (0) 870 252 12 50 (GMT 07:00 - 20:00hrs)