Hapag-Lloyd market was planned in 2004. As part of that process, its business units other than the container line and cruise line were planned for divestiture. In 2008 TUI announced an intention to sell its entire stake in Hapag-Lloyd shipping activities before the end of that year. Industry speculation predicted a sale price of approximately $US5.9 billion. Hapag-Lloyd founded the charter airline Hapag-Lloyd Flug in 1972, buying a few Boeing 727s to fly its cruise passengers from Germany to the cruises' ports of call. The airline eventually added some regular passenger flights as well. Hapag-Lloyd Flug used the IATA code HF
A/S Aero During the summer of 1920 A/S Aero successly operated demonstration, advertising, and limited mail flights from the Bestumkilen bay in Oslo, with Tancred Ibsen as the head pilot. The company also chartered out airplanes to serve the Det Norske Luftfartrederi routes in southern Norway. Tancred Ibsen soon got tired of his career as a pilot, and the activity of "A/S Aero" ended, with the company becoming part of the aircraft factory in Tønsberg, "A/S Norske Aeroplanfabrik". A/S Aero A/S Aero was a Norwegian airline company founded by Tancred Ibsen in January 1920. The company was financed by Tancred Ibsen's uncle,