-
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