| TUI Travel plc | |
| Type: | Public |
| Foundation: | 2007 |
| Defunct: | 2014 (Merged with TUI AG) |
| Location: | Crawley, England, UK |
| Key People: | Friedrich Joussen (Chairman) Sir Michael Hodgkinson (Deputy Chairman) Peter Long (Chief Executive) |
| Industry: | Transport |
| Products: | Passenger transport, travel agency, accommodation |
| Revenue: | £15,051 million (2013)[1] |
| Operating Income: | £297 million (2013) |
| Net Income: | £63 million (2013) |
| Owner: | TUI AG (56.4%)[2] |
| Subsid: | Thomson Airways Thomson Holidays |
| Num Employees: | 54,000 (2013)[3] |
TUI Travel PLC was a British leisure travel group headquartered in Crawley, West Sussex. The company was formed on 3 September 2007 by the merger of First Choice Holidays PLC and the Tourism Division of TUI AG, which owned 56.4% of it. The company operated in 180 countries and claimed 30 million customers.[4]
The company was listed on the London Stock Exchange, and was a constituent of the FTSE 100 Index. TUI Travel merged with its German parent in 2014 to form the TUI Group.[5] [6]
The company was founded in 1923 in Berlin, Germany as Preußische Bergwerks und Hütten-Aktiengesellschaft operating in the industrial sector.[7] In 1959 it listed on the Frankfurt Stock Exchange and in 1964 was renamed Preussag.[7] In 2000 it acquired Thomson Travel and in 2002 bought Hapag Lloyd, which itself owned the travel firm TUI (formerly Touristik Union International), and renamed itself TUI AG.[8] In June 2014 TUI AG and TUI Travel announced the two companies would be merged.[9]
See main article: First Choice (travel firm). The company was founded in 1973 as Owners Abroad operating as a travel agent.[7] It first listed on the London Stock Exchange in 1982.[7] In 1987 it launched Air 2000 and in 1990 acquired Redwing.[7]
In March 2007, the merger of the travel division of TUI AG with First Choice was announced.[10] The European Commission approved the merger on 4 June 2007, on the condition that the merged company sell Budget Travel in Ireland. The merged company, TUI Travel PLC, began operations in September 2007.[11]
TUI and First Choice's in-house airlines, Thomsonfly and First Choice Airways, were brought together under the former's Air operator's certificate in May 2008, and the merged airline was rebranded as Thomson Airways in November 2008.[12]
In October 2011 it was announced that under a two-year rebranding programme, the store estate would be rebranded as "Thomson featuring First Choice" to create a single travel agency brand; the First Choice branding and uniform will be phased out, and the First Choice name will be used for all-inclusive package holidays sold by the combined network.[13]
The company confirmed in January 2013 that it had received a proposal from its parent to merge.[14] In May 2013, the chief executive of TUI AG ruled out a merger with TUI Travel.[15] In an about-face in June 2014 the two companies announced they had agreed terms on a merger.[16] The merger was completed and TUI Travel was de-listed from the London Stock Exchange on 17 December 2014.[17]
The online travel retailer was sold along with Signature Vacations to Sunwing Travel Group in 2009.[18]
The Company was organised into three sectors:[19]
In 2005 the names and liveries of the group airlines were changed to reflect the name of the group. The airlines were rebranded with the name best known in their local market or the name of the principal tour operator, Jet4you and Britannia Airways names were changed. Jet4you acquired the suffix "-fly" whereas Britannia Airways had a complete name change, to reflect the tour operator that it was flying for therefore Britannia Airways became Thomsonfly. Following the merger of First Choice Airways and Thomsonfly, the new combined airline became Thomson Airways. Both airlines had their aircraft repainted in the light blue TUI colours with a red TUI logo on the tail. However, Corsairfly has been renamed Corsair International and has a new livery.
| Airline[20] | Country | Image | Description | |
|---|---|---|---|---|
| Corsair International |  France | Corsair International flies to 15 destinations in French overseas territories around the Mediterranean, Thailand, North Africa, and North America. This is the only airline in the TUI alliance that does not wear the TUI livery. | ||
| Thomson Airways (now TUI Airways) |  United Kingdom | Thomson Airways is the largest TUI-owned airline and the largest charter airline in the world. It operates a fleet of 64 aircraft and flies from 26 British airports to 109 destinations worldwide. It was formed by the merger of Thomsonfly (formerly Britannia Airways) and First Choice Airways. | ||
| Arkefly (now TUI fly Netherlands) |  Netherlands | Since 2005, the airline has operated charter flights from Amsterdam Schiphol to destinations in Southern Europe, North Africa, the Caribbean, and Latin America. It was formerly named Arkefly. | ||
| TUIfly (now TUI fly Deutschland) | Germany | TUI fly is a German leisure airline headquartered at Hannover Airport, and is the fourth largest airline in the country. It operates charter flights to Southern Europe, North Africa, the Canary Islands and the Middle East. | ||
| Jetairfly (now TUI fly Belgium) |  Belgium | TUI fly Belgium, formerly Jetairfly, is a Belgian airline with its administrative headquarters in Ostend. TUI fly has operated since late 2005 and has a network of 180 routes to more than 100 airports in the Mediterranean, Red Sea, Caribbean, Canary Islands, Cape Verde Islands, Africa and the United States. | ||
| TUI fly Nordic |  SwedenDenmark
| TUI fly Nordic flies from Sweden, Denmark, Finland and Norway. They fly holidaymakers travelling with the tour operators Fritidsresor, Finnmatkat and Star Tour. |
Norway