TUI AG has agreed with Unifirm Ltd., a syndicate of underwriting banks, KfW and the Economic Support Fund (Wirtschaftsstabilisierungsfonds – WSF) on a further financing package of € 1.8 billion for TUI. The package includes a capital increase with subscription rights of approx. € 500m; a silent participation convertible into shares of TUI by the WSF of […]
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From 9 to 12 March the who’s who of the global B2B travel industry will meet at ITB Berlin NOW – A new virtual platform featuring the main elements: networking, news, business and content – Early Bird rates are available for exhibitors until 15 January – Trade visitor tickets cost 99 euros – The parallel […]
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AEGEAN announces a trading update for the third quarter and nine-month period ending September 30, 2020. The partial lifting of travel restrictions across Europe as of July allowed the gradual resumption of international flights. Nevertheless, several countries remained inaccessible, demand was weak due to the pandemic while the lack of coordination on travel protocols weighed […]
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With the ongoing Covid-19 global pandemic having put travel on pause for many this year — including those heroes on the frontline of fighting to protect and care for communities across the world, Celestyal Cruises, the award-winning, number one choice for cruise travelers to the Greek Islands and the Eastern Mediterranean, is pleased to launch […]
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Celebrity Cruises announced its updated 2021-2022 winter sailings programme for the Caribbean, Europe and South America. The new offerings, informed by market research and valuable feedback from guests and travel partners, are highlighted by an expanded Caribbean presence with new seven-night and overnight itineraries; new Spain and Portugal itineraries in Europe; and an exciting new […]
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Following the government of Norway’s decision to withhold further support from the airline, and the ongoing COVID-19 pandemic, Norwegian Air has decided to initiate an examinership process in Ireland relating to its subsidiary Norwegian Air International Limited (NAI), its wholly-owned asset company Arctic Aviation Assets DAC (AAA) and some of AAA’s subsidiaries; Norwegian will also […]
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Management change at three Lufthansa Group airlines: Dieter Vranckx (47), currently CEO of Brussels Airlines, was today appointed CEO of the Swiss airline by the SWISS Board of Directors. Dieter Vranckx will assume his new duties on January 1, 2021, succeeding Thomas Klühr, who will leave the company as planned at the end of the […]
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The Travel Association (ABTA) says the travel industry has had no opportunity to recover since the start of the pandemic, as new figures1 reveal that despite the opening of travel corridors – 9 in 10 (91%) holidays in July and August were changed or cancelled due to restrictions. The lack of an opportunity to recover means […]
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Celestyal Cruises, the award-winning, number one choice for cruise travelers to the Greek Islands and the Eastern Mediterranean, has unveiled its new brand, inspired by the legendary spirit of Greece and the Greek “love of life.” The brand was developed in consultation with Peter Economides of Felix BNI, a specialist with extensive global experience working with […]
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Vacations should be effortless from the start, that’s why Celebrity Cruises has announced a new approach to cruising called ‘Always IncludedSM,’ putting an end to confusing promotions, complicated add-ons and limited time offers. Starting Tuesday, Nov. 17th, every Celebrity Cruises vacation will include Wi-Fi, drinks and tips, simplifying the luxury vacation experience. “Everything we do […]
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