Argophilia

Αργοφιλία: For the love of the journey.

TUI

TUI Russia Gets Cash Infusion

by

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 – All Set to Merge

by

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.

TUI Growth 2014: Real Optimism or Reality Fluff?

by

TUI AG, one of the world’s most successful and well known travel tour groups, has just announced their Half Year Financial report. Furthermore, TUI’s CEO, Fritz Joussen now says his company is well positioned for growth. With Europe rapidly becoming a stagnant market over east vs west tensions, just how solid are TUI or any other big tour company’s projections?

TUI Execs Honored by British Travel Industry Hall of Fame

by

TUI Travel has just announced their Group Director of Sustainable Development, Jane Ashton, and Managing Director Thomson Airways, Chris Browne having been honored at the 2014 British Travel Industry Hall of Fame annual dinner. Held at the Savoy in London last night, the TUI’s Ashton was presented with the ‘Ambassador Award for Outstanding Contribution to Sustainable Travel’ and Chris Browne was inducted into the Hall of Fame.

TUI Travel announces new Aviation senior leadership team

by

To remain at the forefront of the industry, TUI Travel is creating one ‘virtual’ airline from its five Tour Operator airlines. The Aviation function for the Mainstream Sector will provide a platform for further growth of the Group’s Tour Operators, increase the profitability of its airlines and contribute to the Group’s delivery of a seamless integrated customer experience. Essentially, the Group’s airlines will act as one, with the new leadership structure in place from 1 June 2014.

TUI Profits Down – But Europe’s Biggest Tour Company’s Spirit is UP

by

Europe’s leading tour operation, TUI Travel, has just announced their first half of 2013 sales figures. According to TUI losses of some £346 million were actually less than some expected. The company pointed to strong markets in the UK and in Scandinavian countries as having relieved a unprofitable Winter.