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
Aero Contractors (Nigeria) become the first official airline casualty of Nigeria's worsening economic crisis after it announced it would suspend all scheduled operations with effect from September 1, 2016. Aero was wholly owned by the Ibru family. Asset Management Company of Nigeria (AMCON) now owns 60% of the shares, with the remainder owned by Ibru family interests. Aero has two divisions: Aero still has a technical partnership with CHC regarding its rotary wing division. No figures appear to have been published regarding profitability or other business trends. Aero serves the following destinations: The Aero Contractors Fleet consists of the following aircraft as of