TUI is rearranging its Group Management with effect from 1 January 2021. The Supervisory Board headed by Dr. Dieter Zetsche agreed on the changes at its meeting on Tuesday. With Sebastian Ebel, an experienced TUI manager of many years’ standing is moving to the top of the Finance division. He is currently responsible for the […]
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The TUI Group has fulfilled another condition for the provision of a second stabilisation package by the German federal government. Following the approval by the holders of the Senior Notes to waive certain bond conditions at the beginning of September, the German Economic Stabilisation Fund (Wirtschaftsstabilisierungsfonds, WSF) has now subscribed to the Group’s warrant bond […]
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Large part of the financial impact incurred will be compensated over the next two years New agreement on the delivery schedule allows more flexible fleet planning in times of the pandemic New deliveries are postponed by an average of two years Reduced investments in aircraft and reduced financing requirements for TUI for the coming years […]
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TUI is ready to resume its travel activities in Germany and Europe soon. Just under two months, after almost all business areas had to be shut down due to the global travel ban, the tourism group is prepared to resume operations. The first TUI hotels on Sylt and in Mecklenburg-Western Pomerania will open their doors to […]
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TUI China resumes business operations and offers domestic travel for vacationers in China. Three months after the subsidiary of the TUI Group had to completely stop selling travel, TUI is now offering short trips to mountain and Chinese beach resorts under the brand “TUI Selection”. Programs for vacations in larger cities are also included in the portfolio. This […]
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KfW and TUI AG confirm the signing of the state aid bridging loan for 1.8 billion euros. The loan had been committed by the German Federal Government on 27 March as part of the COVID-19 state support program. TUI’s current Revolving Credit Facility “RCF” banking consortium supports the KfW loan and the addition of the […]
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TUI AG today received the approval of the German government for a bridging loan of 1.8 billion euros from the KfW. The funds of Germany’s state-owned development bank are to be used to increase TUI’s existing credit line with its banks amounting to 1.75 billion euros (“Revolving Credit Facility”). The KfW bridge loan is subject […]
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“At an operating result of 893 million euros, TUI Group delivered a successful financial year 2019. Even in a challenging year for the tourism sector, TUI delivered a strong operating performance, a robust balance sheet and growth in its Hotels & Resorts and Cruises core businesses,” said CEO Fritz Joussen, speaking in Hanover on Wednesday. […]
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“Despite the challenging environment in 2019 to date, our underlying business remains robust, and we expect to deliver a solid performance in 2019, which, however, will not match the prior year’s result, as expected due to the grounding of the 737 MAX. Hotels & Resorts will benefit from our diversified portfolio and Cruises will deliver […]
Δείτε περισσότεραThe TUI Group is further restructuring its traditional tour operator business and sharpening its profile. The tourism group has concluded an agreement to divest its two German specialist tour operators Berge & Meer and Boomerang Reisen to equity investor GENUI. Hamburg-based private investment firm GENUI will acquire the two companies for around 100 million euros. […]
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