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Vueling’s CEO stake in the company rises to 1.6%
Wednesday, September 24, 2008
Vueling Airlines has been advised today of the purchase, by its Chief Executive Officer, Mr Lars Nygaard, of 13,466 Vueling shares at an average price of €4.36 per share.

The purchase, which took place via three separate operations on September 18th, 19th and 22nd, has entailed an investment of €58,739.8. Prior to this, Mr Nygaard had already acquired Vueling stock in January, March, May, June, July, August, and again on September 17th. This has taken the total investment-including the latest operation-to €1,652,888.

Mr Nygaard’s stake stands now at 237,323 shares, which represents 1.6% of Vueling’s capital.

Vicky Karantzavelou - Wednesday, September 24, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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