TUI

By phlen

  • exited the smelting and mining industry

  • acquisition

    brought Hapag-Lloyd, made the complete acquisition of TUI Deutschland and took significant equity share of Magic Life

  • Hapag Touristik was renamed "TUI" group and jumped into the European market

  • all these brands and firms were put under the global umbrella of 'World of TUI'

  • Preussage created TUI Air Management

  • shareholders voted for 'Preussag AG' to be renamed 'TUI AG'

  • started a new cost-cutting programme targeting yearly savings

  • set up TUI China

  • opened its first low-cost travel agency in Hamburg, Germany

  • Launched the virtual tour operator Touropa.com

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