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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.
It is a subsidiary of TUI UK, itself a subsidiary of TUI Group, and its holidays are sold solely online. It also operates own brand hotels. First Choice Holidays previously traded as a subsidiary of First Choice Group plc until its merger with TUI Travel plc in 2007. The company was then revived as a brand in 2011 under the TUI Group brand ...
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At 2pm on Saturday, a planeload of Tui passengers who had expected to have just touched down at London Gatwick found themselves instead approaching an airport in North Africa after a flight across ...
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