TUI Group By b.pumpkin 1990 Exit mining and smelting industry 1997 Preussang bought Hapag-Lloyd AG, large German tour operator 1997 Aquisition of TUI Deutschland 1998 Hapag Touristik union purchased 24.9% of Thomas Cook 1999 Hapag Touristik union acquired the majority of Thomas Cook 2000 Tui Group jumped into the EU market 2001 Acquired firm group was named as "World of TUI" 2002 TUI Air Management was created 2002 TUI AG was created 2002 100% of Nouvelles Frontieres 2003 New cost-saving programme 2003 TUI China was created 2004 First low-cost travel agency 2004 Entered the Russian market by joint venture with Mostravel 2005 Touropa.com 2005 Entering India (Le Passage to India) 2005 TUI was named as the bigged tour operator in Europe 2005 TUI owned: 3500 travel agencies, 75 tour operators, 100 aircraft, 285 hotels, 16300 beds. Entered the shipping business as well 2005 60bn Euros revenue European Market 2007 TUI AG and TUI Travel PLC merger, TUI Travel was created.
