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.

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.

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.

Travel giant TUI has reported a sharp fall in bookings in the UK market for summer 2012 when compared to last year. Overall, TUI saw bookings drop 11 per cent, with the fall partially attributed to a nine per cent reduction in capacity.

On the day Thomas Cook announced losses of nearly £400 million, rival TUI AG confirmed it expected to make a net profit for financial 2011. Hanover-based TUI AG also revealed it was on track to reinstate a dividend following moderate growth in turnover and operating profit during the year.