In news from easyJet, the air carrier is slated to carry out TUI flights from Berlin to Heraklion, Rhodes, and Tenerife in the Summer of 2017. The British low-cost carrier also partnered with TUI for travel to Holland. Both companies share good and bad news edging into Q4 of 2016.
TUI
TUI Russia Gets Cash Infusion
In news from TUI in Russia, TUI Group announced last Friday announced having entered into an agreement to provide new shareholder funding in TUI Russia & CIS, via a joint venture with SeverGroup. Both TUI and SeverGroup will provide new shareholder loans in line with their equity participation ratios, which are 25% and 75%, respectively.
TUI Says Bulgaria Is New Russia Booking Hot Spot
According to TUI Russia, Bulgaria may soon be the chosen destinations of Russian tourists intent on vacations this coming Summer. Travel Russian News reported o Friday, Bulgaria having garnered some 60% of early bookings by tourists so far.
Will Monarch’s new flight plan take off?
News last week that leading UK leisure airline Monarch received an influx of £125 million of permanent capital from investors Greybull Capital LLP tells of a cutthroat competitive market.
Tui – All Set to Merge
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.
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