After months of discussion it has been confirmed John Wimbleton will step down as managing director of the specialist and activity division of TUI Travel. Wimbleton, who has been with the company for 22 years, will step down at the end of December.
TUI Travel has seen profits fall by 16 per cent in the third financial quarter, as the early Easter holiday disrupted trading. Net operating profit stood at £74 million for the period, with weakness in the French and other European economies also taking a toll.
Tui AG has named Friedrich Joussen as its new chief executive following the news that Michael Frezel will step down from his post next year. Joussen will take over as chief executive from February 13.
Boeing and the Europe-based TUI Travel have signed a five-year agreement to provide 787 Dreamliner flight, maintenance and cabin safety training. Boeing also announced at the Farnborough International Airshow it will place a second 787 full-flight simulator at its European training headquarters at London Gatwick to support the training requirements of the TUI Group and European 787 customers.
The chairman of the TUI AG supervisory board, Klaus Mangold, has issued a statement rejecting speculation about management posts at the organisation published in Manager Magazine. He reaffirmed current chief executive, Michael Frenzel, had been appointed up until the end of March 2014.
In the second of an ongoing series examining the key players in the tourism industry in the run up to the World Travel & Tourism Council Global Summit in Japan next month, Breaking Travel News here takes a look the work of TUI AG chief executive Michael Frenzel.
Boeing and TUI Travel PLC today announced the carrier’s purchase of Boeing’s Maintenance Performance Toolbox to greatly enhance maintenance efficiency on TUI Travel’s entire Boeing fleet, including 737-800s, 737 Classics, 757-200s, 767-300ERs and 747-400s.
Boeing and TUI Travel have announced the carrier’s purchase of Boeing’s Maintenance Performance Toolbox to greatly enhance maintenance efficiency on TUI Travel’s entire Boeing fleet, including 737-800s, 737 Classics, 757-200s, 767-300ERs and 747-400s. The announcement is just prior to the annual MRO Americas aviation maintenance conference.
UK-based tour operator TUI Travel has declared itself “pleased” with trading over the winter in its latest update to markets. Chief executive Peter Long pointed to strength in domestic markets and argued the brand had outperformed rivals over recent months.
TUI Travel saw losses increase during the three months to December 31st, as a fall in the number of trips to north Africa hit sales. In total the tour operator – which owns Thomson and First Choice Holidays – lost a total of £109 million over the period, up from £86 million during the same period a year earlier.
Crawley-based TUI Travel saw its share price surge earlier after broker UBS moved the travel group to its merger watch list. A recommendation to ‘buy’ saw the share price rise 8p to 220p, with continued speculation TUI AG will consolidate its position in the company.