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Article Excerpt BAYER TAKES FLIGHT WITH LOW-COST STARTUP
Company: Bayer AG
Headquarters: Leverkusen, Germany
Worldwide 2002 air spend: $136.2 million
No. of travelers: 70,000
No-frills airlines continue to change the European corporate travel landscape, with one recent startup, Germanwings, aggressively and successfully forging a unique, mutually beneficial relationship with Bayer AG travel manager Anna Wrossok.
Bayer has annual sales in excess of US$35.6 billion, 350 subsidiaries worldwide and 120,000 employees. The size of its business travel budget--one of Germany's 10 largest--and its location a few miles north of Cologne, Germany, attracted the interest of Cologne-based, low-cost carrier Germanwings.
Set up in late 2002 as a subsidiary of Eurowings, Germanwings formed from...
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