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TUI AG (trading as TUI Group) is a German multinational leisure, travel and tourism company; it is the largest such company in the world. [2] [3] TUI is an acronym for Touristik Union International ("Tourism Union International"). TUI AG was known as Preussag AG until 1997 when the company changed its activities from mining to tourism.
On 9 October 2017, TUI Group announced that Thomson Cruises would be rebranded in late October 2017 as Marella Cruises, with all of the existing Thomson fleet adopting the name change either from Thomson or TUI to Marella (except Thomson Spirit which will be renamed Spirit and Thomson Majesty which will be transferred to Celestyal Cruises).
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.
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On 13 May 2015, it was announced by the TUI Group that all five of TUI's airline subsidiaries will be named TUI, whilst keeping their separate air operator's certificate, taking over three years to complete. Arke was the first to undergo the change and was renamed TUI on 1 October 2015, therefore also changing the airline's name. [8]
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In March 2012 the airline announced it would change its name to Corsair International and unveiled a new corporate image corresponding to planned operational changes. [citation needed] In 2015 Corsair's owner, German tourism company TUI Group, tried to sell the loss-making airline.