TUIfly - Ownership position remains uncertain

TUI Travel confirmed in late 2008 that it was no longer in talks to merge TUIfly Germany with Lufthansa’s Germanwings subsidiary. TUI stated it would continue to explore alternatives for its LCC subsidiary. [636 words]

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This report contains the following subheadings:

• CEO resigns in challenging environment
• Considering shedding a quarter of its fleet

This report contains the following charts and tables:

• TUIfly current fleet plans: as at Jan-09
• TUIfly fleet delivery plans: as at Jan-09
• TUIfly capacity share by market (seats per week as % of total): Week commencing 12-Jan-09