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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.
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.
In May 2015, TUI Group announced that as part of their modernization strategy, TUI Cruises' Mein Schiff 1 and Mein Schiff 2 would be transferred to Thomson Cruises over the next few years. [ 7 ] In October 2015, the Island Cruise brand was discontinued after the sole ship Island Escape completed her last scheduled cruise with Thomson Cruises .
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First Choice Holidays Limited [2] (trading as First Choice) is a British online travel agency and tour operator, headquartered in Luton, England.It is a subsidiary of TUI UK, itself a subsidiary of TUI Group, and its holidays are sold solely online.
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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]