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TUI Airways has its origins in several rival airlines. Euravia (later renamed Britannia Airways in December 1964 [6]) was founded in January 1962. [7] Orion Airways, founded in 1979 by Horizon Holidays and later owned by the large brewing firm Bass Brewery and InterContinental Hotels Group, was sold and merged with Britannia Airways in 1989 but retained the Britannia name.
On 12 December 2016, Mordashov increased his stake in TUI Group from 18% to more than 20%. [21] [22] In October 2018, his 24.9% stake was the largest privately held stake in TUI Group. [23] In June 2019, Mordashov transferred 65% of his stake to the KN-Holding, owned by his sons Kirill and Nikita Mordashov.
The airline formed in 1993 as a regional airline as Kolavia and rebranded to a charter airline with new name Metrojet. Was the only TUI Group operator in Eastern Europe and Asia till August 2014. In August 2014, the airline exited from TUI Group, because of negotiations between the airline and the group. [23] Neos: Italy
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The travel group reported a 5% rise in summer bookings to 13.7 million, reaching 96% of levels seen before the pandemic struck. Tui hails surge in summer bookings but growth held back by wildfires ...
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