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TUI Travel in merger negotiations with parent TUI AG
TUI Travel informed that it started merger negotiations with its German parent TUI AG. The merger is aimed at cutting costs and focusing mainly on tourism. Analysts estimate that the merger could bring as much as €100 million in savings. News on the merger talks between TUI Travel and TUI AG sent UK-listed comapny’s shares up approximately 4 percent, while shares of the German company jumped approximately 9 percent.
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TUI Says Winter Trading Surprisingly Encouraging
Tui Travel, the world’s biggest tour operator, informed that it had sold more summer holidays compared with last year and that early sales of winter holidays had been, so far, surprisingly encouraging. The noted jump in Tui Travel’s sales of holidays for the forthcoming winter is a result of taking advantage of the situation which these days the company’s rival, Thomas Cook Group, is in. Moreover Tui Travel’s officials have informed that the company will probably meet its full-year predictions because of the strong performance in the summer period and encouraging winter sales.
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Thomson Airways: First UK Airline to Fly on Sustainable Biofuel
Sustainable Aviation Leader UK airline company, Thomson Airways, announced on 5th July, that it will operate Britain’s first flight run on sustainable biofuel on …
