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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.
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[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. TUI stated in a statement that they ”welcomed the second generation of the family amongst its shareholders”. [24]
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First Choice Airways Limited was a British charter airline of European tour operator TUI Travel plc, based in Crawley, England until its merger with Thomsonfly to form Thomson Airways (now TUI Airways) in 2008. It flew to more than 60 destinations worldwide from 14 UK and Irish airports.
A merger in 2014 between TUI Travel PLC and TUI AG led to the creation of the TUI Group. TUI Travel A&D changed its name to Hotelbeds Group and subsequently to Hotelbeds. [3] Hotelbeds was acquired by Cinven and CPPIB in 2016, [4] [5] [6] In 2017, Tourico Holidays and GTA Travel were purchased and integrated in 2018. [7]
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