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2020-12-02 · TUI AG, the world’s biggest tour operator, will see its rescue funding topped up to 4.8 billion euros ($5.8 billion) after securing a third tranche of aid from the German government and cash from 2020-12-02 · TUI AG reaches agreement with private investors, banks and the German federal government on additional financing package of €1.8 billion Inside Information according to article 17 MAR Hanover, 2. December 2020, 15:40 CET. TUI secures €1.8 billion loan from German government 28 March 2020 TUI AG has received the approval of the German government for a bridging loan of €1.8 billion from the KfW. The funds of Germany’s 2020-08-15 · TUI AG and German government agree on additional stabilisation package of 1.2 billion euros | World Airline News TUI AG and German government agree on additional stabilisation package of 1.2 billion euros TUI AG made this announcement: Increase of the existing KfW tranche by EUR 1.05 billion and Convertible Bond for EUR 150 million THE German government has agreed to loan €1.8 million to tour operator TUI, which flies 500,000 tourists to the Costa Blanca each year. Germany’s ‘positive step’ is sure to have a beneficial impact on the region’s rebound after State of Alarm measures are dropped. The funds from Angela Merckel’s government will be used to increase the tourism 2020-09-30 · The TUI Group is the world's leading tourism group and operates worldwide.

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BERLIN — The German leisure operator Tui Group has recorded a €3bn loss after the Covid-19 pandemic forced the company to slash its holiday and cruise itineraries and seek financial support from the German government. The nation’s premium leisure airline, TUI Germany, has today announced the signing of state aid loan worth €1.8 billion ($1.97bn) with the German federal government. On the other hand, Europe’s second-largest airline group Lufthansa is seeking state aid for its survival. 2020-03-27 · TUI AG secured a 1.8 billion-euro ($2 billion) loan from state-run KfW bank, in one of the biggest bailouts in Germany so far. The tour operator received approval from the German government, it TUI secured a third bailout on Wednesday, striking a deal with the German government, private investors and banks for an extra 1.8 billion euros ($2.2 billion) as the world's largest holiday TUI Reisen Urlaub & Reisen mit Qualität bei TUI buchen Direkt beim führenden Reiseveranstalter Traumurlaub genießen & entspannen 2020-04-10 · TUI (Germany) has made this announcement: KfW and TUI AG confirm the signing of the state aid bridging loan for 1.8 billion euros.

In October 2020, a comprehensive review and analysis of TUI Group's The Economic Stabilization Fund (WSF) serves to stabilize German&nbs 11 Nov 2020 Travel group TUI is in talks with the German government on an extra €1.5-1.8 billion in state aid as two bailouts from earlier this year have not 5 Jan 2021 (Alliance News) - Tui AG shareholders have voted to allow the German state to take a stake of up to 25% in the ailing Anglo-German holiday 8 Jan 2021 Joussen told the meeting on January 5: “We do not expect to require any further government support from the KfW [German state development 3 Dec 2020 Tui has succeeded in securing a third bailout of the pandemic from the German government to “bridge the gap” until Covid recedes. 10 Nov 2020 (Adds TUI statement, share price, background).

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In the first nine months of 2020, TUI had losses of €2.3 billion ($2.7 billion) and borrowed almost €3 billion from the German government, which it has to pay back over the coming years. Tui flights from Germany due to start later this month. Chief financial officer, Sebastian Ebel, will be meeting the government on Monday.

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In the first nine months of 2020, TUI had losses of €2.3 billion ($2.7 billion) and borrowed almost €3 billion from the German government, which it has to pay back over the coming years.

16 Mar 2020 German-based tour company TUI says it is suspending most of its in light of the deepening coronavirus crisis and applying for government help. 11 Apr 2020 TUI received a £1.6billion bailout from the German government · It claims its executive board is 'also making its financial contribution in the crisis' 3 days ago Tui Group said it intended to use the proceeds.
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8 Apr 2020 Tourism giant TUI on Wednesday said it signed an agreement for a 1.8 billion euro loan from the German government to help keep it afloat as 8 Apr 2020 European travel and cruise giant TUI AG has secured a $2 billion bridge loan from the German policy 30 Mar 2020 Germany holds the promise of rescue devastated by the pandemic companies Covid-19 and will grant a loan 2 billion to TUI. The world's 28 Mar 2020 The bridging loan from KfW was approved by the German Government and will see TUI's existing €1.75bn credit line being boosted to £3bn. 16 Mar 2020 German-based tour company TUI says it is suspending most of its in light of the deepening coronavirus crisis and applying for government help. TUI is Germany's largest international tourism conglomerate offering holiday liquidity shortages and tapped the government funding program for additional 13 May 2020 The group was given added firepower at the end of March, when the German government gave the green light to a bridging loan of €1.8bn 13 Aug 2020 revenues during the third quarter between April and June, while analysts have voiced concerns about a deal with the German government. 13 May 2020 Tui had more than 70,000 employees in September.

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German leisure airline TUI fly is making some tough decisions about halving its fleet of 39 aircraft to just 17 Boeing 737-800. The airline doesn’t believe its current fleet is sustainable during this uncertain period, and feels its best chance for a secure future is to move forward as a smaller carrier. 4 Jan 2021 The European Commission has approved German plans to contribute up to € 1.25 billion to the recapitalisation of TUI AG (TUI), the parent 5 Jan 2021 Tui shareholders OK German government stake of up to 25 per cent Hanover, Germany (dpa) - Tui shareholders have voted to allow the German 11 Nov 2020 Travel group TUI is in talks with the German government on an extra €1.5-1.8 billion in state aid as two bailouts from earlier this year have not secures stabilization funding of Euro 1.2 billion from German government TUI AG, headquartered in Hanover, Germany, is the world's leading tourism group.

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The nation’s premium leisure airline, TUI Germany, has today announced the signing of state aid loan worth €1.8 billion ($1.97bn) with the German federal government. TUI Group is the world's leading integrated tourism group operating in more than 100 destinations worldwide. The company is headquartered in Germany. The TUI Group's share is listed in the FTSE 250 index and in the German open market. In financial year 2019, TUI Group recorded turnover of around €19bn and an operating result of €893m. FRANKFURT/BERLIN (Reuters) - TUI secured a third bailout on Wednesday, striking a deal with the German government, private investors and banks for an extra 1.8 billion euros ($2.2 billion) as the Holiday company TUI said the German government agreed a 1.2 billion euro ($1.4 billion) aid package to help boost its finances and ensure it survives into 2021 as the pandemic TUI’s bailout deals with the German government forbade it from paying a dividend to shareholders in 2020.