Corporate Strategies

By Bilguun

  • Decision

    At Preussag a decision was made to change the industry

  • HAPAG LLOYD AG

    Preussag bought HAPAG LLOYD AG, a large German tour operator

  • TUI Deutschland

    Preussag acquired TUI Deutschland, a leader for package holidays

  • Magic Life

    Preussag took over significant equity share of Magic Life, a leading all-inclusive holiday club chain

  • 24.9% of Thomas Cook

    Hapag Touristik Union a division of Preussag purchased 24.9 percent of Thomas Cook, leading British tourism and financial services group

  • Majority stake of Thomas Cook

    Preussag acquired majority stake in Thomas Cook

  • Renamed TUI Group

    Hapag Touristik Union was renamed TUI Group

  • British Thomson Travel Group

    TUI group took over British Thomson Travel Group

  • A stake in Nouvelles Frontières

    TUI group took a stake in Nouvelles Frontieres, French leading tour operator

  • Fritidsresor

    TUI group acquired Fritidsresor, Scandinavian tour operator

  • Leading company with over 200 tourism brands

    By the end of 2000, Preussag turned a leading company with over 200 tourism brands

  • World of TUI created

    All firms and brands put under World of TUI

  • TUI Air Management created

    Preussag created TUI Air Management to manage six group airlines centrally

  • Renamed TUI AG

    Shareholders voted for Preussag AG to be renamed TUI AG

  • Acquired Nouvelles Frontières

    TUI AG completed takeover of Nouvelles Frontieres

  • New cost cutting programme

    Started new cost cutting programme to adjust to slump in tourism

  • TUI China set up

    TUI China was set up for tourists visiting Germany

  • First low-cost travel tours introduced

    TUI AG opened its first low-cost travel tours in Hamburg through online, travel agencies, TV, call centres

  • TMR set up

    TUI AG set up TMR (TUI Mostravel Russia) through joint venture with Mostravel, a tour operator in Russia

  • Touropa.com launched

    TUI AG launched virtual tour operator Touropa.com in Germany

  • Stake in Le Passage agency

    TUI AG entered Indian market with 50 percent holding in agency Le Passage to India

  • CP ship

    TUI took full control of CP ship, the leading Canadian container shipping line