TUI Travel

Last updated

TUI Travel plc
Company type Public
LSE:  TT.
Industry Transport
Founded2007
Defunct2014 (Merged with TUI AG)
Headquarters Crawley, England, UK
Key people
Friedrich Joussen
(Chairman)
Sir Michael Hodgkinson
(Deputy Chairman)
Peter Long
(Chief Executive)
ProductsPassenger transport, travel agency, accommodation
Revenue £15,051 million (2013) [1]
£297 million (2013) [1]
£63 million (2013) [1]
Owner TUI AG (56.4%) [2]
Number of employees
54,000 (2013) [3]
Subsidiaries Thomson Airways
Thomson Holidays
Website www.tuitravelplc.com

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. [2] The company operated in 180 countries and claimed 30 million customers. [4]

Contents

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]

History

TUI AG

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]

First Choice

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]

Merger

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]

Selloffvacations.com

The online travel retailer was sold along with Signature Vacations to Sunwing Travel Group in 2009. [18]

Operations

The Company was organised into three sectors: [19]

Airlines

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.

Airlines before merger

Airline [20] CountryImageDescription
Corsair International Flag of France.svg France F-HCAT A330 Corse Air new cs (8009757005).jpg 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)		 Flag of the United Kingdom.svg United Kingdom Thomson B787 Dreamliner G-TUIB (9129161000).jpg 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)		 Flag of the Netherlands.svg Netherlands PH-TFK ArkeFly Boeing 787-8 Dreamliner pic2.JPG 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)		 Flag of Germany.svg Germany TUIfly 738 D-ATUM 170414.JPG 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)		 Flag of Belgium (civil).svg Belgium Boeing 737-8K5 JetairFly OO-JAV, BRU Brussels (Bruxelles) (National-Zaventem), Belgium PP1374519739.jpg 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 Flag of Sweden.svg Sweden

Flag of Denmark.svg Denmark

Flag of Norway.svg Norway

Flag of Finland.svg Finland

Boeing 737-8K5(w) 'SE-RFY' TUIfly Nordic (24754022171).jpg TUI fly Nordic flies from Sweden, Denmark, Finland and Norway. They fly holidaymakers travelling with the tour operators Fritidsresor, Finnmatkat and Star Tour.

Former airlines

AirlineCountryImageDescription
Aladia Airlines Flag of Mexico.svg Mexico ALADIA 757 (2322609269).jpg Aladia was a joint-venture between the TUI Group and Mexican investors; launched in 2006. [21] It was the only North American and Mexican airline part of the TUI Group. It suspended operations in October 2008 [22] and has yet to resume its operations.
Britannia Airways Flag of the United Kingdom.svg United Kingdom Britannia.b757-200.g-byay.arp.jpg Britannia Airways was the largest charter airline in the United Kingdom, rebranded as Thomsonfly in 2005. Its main bases were London Gatwick, London Luton, Birmingham, Manchester, Newcastle and Glasgow.
Jet4you Flag of Morocco.svg Morocco DSC 5557-CN-RPE (10715614123).jpg Jet4you operated services between Moroccan cities and destinations in France, Belgium, Switzerland, Spain and Italy. Operations have now been merged with Jetairfly.
Britannia Nordic Flag of Sweden.svg Sweden

Flag of Denmark.svg Denmark

Flag of Norway.svg Norway

Flag of Finland.svg Finland

Britannia b757-200 g-byay arp.jpg Britannia Nordic flew from Sweden, Denmark, Finland and Norway. It was merged into TUIfly Nordic.
First Choice Airways Flag of the United Kingdom.svg United Kingdom Airbus A320-214, First Choice Airways JP6406821.jpg First Choice Airways was a charter airline of European tour operator TUI Travel PLC, based in Crawley, England. It flew to more than 60 destinations worldwide from 14 UK and Irish airports. Following TUI UK merging with First Choice Holidays in September 2007 it became part of TUI Travel PLC. The new holiday company continued with both in-house airlines (Thomsonfly and First Choice Airways) through Winter 07 and Summer 08 however from 1 November 2008 it became Thomson Airways.
Hapag-Lloyd Express Flag of Germany.svg Germany Boeing 737-8K5, TUIfly JP6283224.jpg Hapag-Lloyd Express (previously also marketed as HLX.com) was a no-frills, high-frequency, express airline based in Langenhagen, Germany. It operated services within Germany and to destinations in Europe. In January 2007 in a restructuring, it combined its operations with Hapag-Lloyd Flug to become TUIfly.
Hapag-Lloyd Flug Flag of Germany.svg Germany Boeing 737-800 (Hapagfly) (2410285784).jpg Hapag-Lloyd Flug (between 2005 and 2007 it was also marketed as Hapagfly) was an airline based in Langenhagen, Lower Saxony, Germany. Merged with Hapag-Lloyd Express and became TUIfly
Metrojet Flag of Russia.svg Russia Airbus A321-231 Kolavia TUI Russia Metrojet EI-ETL (9054837021).jpg The airline formed in 1993 as a regional airline as Kolavia and rebranded to a charter airline with new name Metrojet. Was the only TUI Group operator in Eastern Europe and Asia till August 2014. In August 2014, the airline exited from TUI Group, because of negotiations between the airline and the group. [23]
Neos Flag of Italy.svg Italy Boeing 737-86N, Neos JP6572661.jpg Neos was established on 22 June 2001 and started operations on 8 March 2002. It was started as a joint venture between Alpitour parent firm Finanziaria di Partecipazioni (IFIL), which is controlled by the Agnelli Group and the German tour operator, TUI. TUI sold its shares in 2004.
Thomsonfly Flag of the United Kingdom.svg United Kingdom Thomsonfly Boeing 737-800 Spijkers.jpg Thomsonfly was a British airline, previously known as Britannia and a business within TUI UK prior to September 2007. Following TUI UK merging with First Choice Holidays in September 2007 it became part of TUI Travel PLC. The new holiday company continued with both in-house airlines (Thomsonfly and First Choice Airways) through Winter 07 and Summer 08 however from 1 November 2008 it became Thomson Airways.

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First Choice Airways Limited was a British charter airline of European tour operator TUI Travel PLC, based in Crawley, England until its merger with Thomsonfly to form Thomson Airways in 2008. It flew to more than 60 destinations worldwide from 14 UK and Irish airports. 70% of the airline's services were operated for its parent company, rising to 85% in the summer season, with the remainder on behalf of some 120 other tour operators. It also operated scheduled year-round leisure routes to Cyprus and the resorts of Spain and Portugal.

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References

  1. 1 2 3 "Annual Report 2013". TUI Travel PLC. Retrieved 2 October 2014.
  2. 1 2 "Shareholder Information". TUI Travel PLC. Retrieved 2 October 2014.
  3. ↑ "TUI Travel: At a glance". TUI Travel PLC. Retrieved 2 October 2014.
  4. ↑ "TUI and First Choice plan to merge amid competition in European travel", The New York Times (19 March 2007)
  5. ↑ Topham, Gwyn (27 June 2014). "Tui agrees £4.5bn merger with British subsidiary Tui Travel". The Guardian . Retrieved 15 June 2021.
  6. ↑ Aglionby, John (15 September 2014). "Tui Travel and Tui AG agree merger terms". Financial Times . Retrieved 15 June 2021.
  7. 1 2 3 4 5 "TUI Travel Through Time" (PDF).
  8. ↑ TUI AG Chairman Frenzel to Speak at WTM’s Captains of Industry Archived 2013-10-04 at the Wayback Machine Association of Event Organisers
  9. ↑ "Tui Travel agrees to merger with German majority stakeholder - International Travel News". Archived from the original on 6 October 2014. Retrieved 2 October 2014.
  10. ↑ "First Choice to tie up with TUI". BBC News. 19 March 2007. Retrieved 24 June 2013.
  11. ↑ "First Choice-TUI merger cleared". BBC News. 4 June 2007. Retrieved 24 June 2013.
  12. ↑ "FSX Thomson Airways Boeing 767-300ER". Flyaway Simulation. Retrieved 24 June 2013.
  13. ↑ Branwell Johnson (1 November 2011). "Thomson and First Choice to merge on high street". Marketing Week. Retrieved 24 June 2013.
  14. ↑ Nathalie Thomas (16 January 2013). "TUI Travel in merger talks with German parent company". The Telegraph. Retrieved 24 June 2013.
  15. ↑ "TUI AG CEO says no plans for merger with TUI Travel". Reuters. 15 May 2013. Retrieved 10 October 2013.
  16. ↑ "Tui Travel agrees to merger with German majority stakeholder". International Travel News. 27 June 2014. Archived from the original on 6 October 2014. Retrieved 29 June 2014.
  17. ↑ "Tui signals growth as merger is completed". Travel weekly. 17 December 2014. Retrieved 17 December 2014.
  18. ↑ Owram, Kristine. "Sunwing, Signature Vacations to merge". The Globe and Mail– via www.theglobeandmail.com.
  19. ↑ "Our business - TUI Travel PLC". TUI Travel PLC. Archived from the original on 6 October 2014. Retrieved 2 October 2014.
  20. ↑ "About TUI Group". TUI Group. Retrieved 14 April 2017.
  21. ↑ "Airliners.net forum: ALADIA, New Mexican Start-up!". airliners.net. Retrieved 4 May 2015.
  22. ↑ "Aladia". aladia.com. Archived from the original on 2 February 2015. Retrieved 4 May 2015.
  23. ↑ "Flug 7K9268: Was ist Kogalymavia für eine Airline? - SPIEGEL ONLINE". Der Spiegel. Spiegel.de. 31 October 2015. Retrieved 4 November 2015.

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