News yesterday from Fritz Joussen, CEO of the travel company Tui, reveals the Hannover, Germany company and its British subsidiary TUI Travel PLC moving forward to a proposed merger to form the world’s biggest tourism entity. With some 74 000 Employees and a market capitalization of over €6,5 Billion Euros, TUI will dwarf the competition.
mergers
Former Yugoslavia Air Carriers to Meet
Amid accusations Montenegro Airlines desires some kind of monopoly on the Balkans country’s airspace, CEO of the company, Zoran Djurišić, announced his invitation to executives of three of the former Yugoslavia’s biggest carriers, Croatia Airlines, Jat Airways, and Adria Airways, to a sort of summit on the Budva Riviera.
TUI Acquires Underwater Magic Life Assets
TUI Travel PLC just announced today their reaching an agreement with TUI AG and subsidiary Magic Life to acquire six companies Magic Life leases and manages through.