Air Berlin Up On Talk Of Ryanair Interest

July 5, 2007

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Shares in German carrier Air Berlin jumped 8.7 percent in strong volume on Thursday on market talk of acquisition interest from Europe's largest budget airline Ryanair.

Air Berlin said it was not aware of any takeover interest from Ryanair.

"Ryanair has a policy of not commenting on market rumors or speculation," said a spokesman for Ryanair.

In May, the chief executive of Air Berlin said he was keeping an eye on the consolidating European airline market after snapping up German rivals recently to expand its network with domestic and intercontinental routes.

The airline listed on the German stock exchange a year ago with an initial public offering priced at 12 euros a share.

(Reuters)