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  • Tour Operator TUI receives 1.8 billion euros financial aid from German government

    Tour Operator TUI receives 1.8 billion euros financial aid from German government

    Travel organization TUI will receive a loan of 1.8 billion euros from the German state-owned bank KfW because of the corona crisis, the company announced on Friday.

    Boeing 737 TUI Airways (wikimedia commons)

    With the financial support, the buffer of the travel giant grows to 3.1 billion euros. In the message, the group says it needs the support until business can be restarted.

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    The travel industry has entered a deep recession due to the further spread of the corona virus outbreak. TUI has canceled all trips until the end of April. Stranded travelers will still be picked up.

    Other travel organizations have also canceled holiday trips. For example, Corendon canceled all trips until June 1.

  • TUI to shut down 140 travel agencies until end of March

    TUI to shut down 140 travel agencies until end of March

    The Dutch branch of TUI Group announces that the tour operator is set to close temporarily the doors of 140 offices in efforts to prevent as much as possible the spread of the novel coronavirus. The decision will come into effect tomorrow and will run until March 31. The travel agencies can be reached from 9 am to 5 pm at their own telephone number as well as via social media and the website.

    TUI airplane (public domain)

    Just like many other travel organizations, TUI has suspended a large part of the holiday trips scheduled for this month. All those vacations must be canceled or rebooked to a later date. Rebooking can also be done later with a so-called “corona voucher”.

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    TUI Nederland wrote on its website: “We understand very well that you may have a preference for a refund of the paid package travel. However, the circumstances are so exceptional that we have opted for an exceptional solution. The General Dutch Association of Travel Companies (ANVR) supports this solution. The “Stichting Garantiefonds Reisgelden” (SGR) guarantees the package travel voucher.”

    The ANVR did not say how much damage the travel industry has suffered so far as a result of the corona virus epidemic. As far as is known, dozens of travel organizations have already filed for a reduction in working hours.

    Airlines are also taking additional measures to deal with the coronavirus crisis. The number of passengers at Amsterdam Airport Schiphol has fallen sharply in recent days, partly as a result of the entry ban and the closure of airspace by numerous countries around the world. According to the airport, there were 38 percent fewer travelers last Friday and even 41 percent fewer travelers on Saturday.