The world’s largest travel company Tui
According to insiders, the corona crisis is about to reach an agreement
State support in the billions. It is about state aid
in the amount of almost two billion euros, the reported
Bloomberg news agency on Thursday citing with
persons familiar with the matter. The company dealt with the
state development bank KfW at the beginning of the week on the conditions
agreed. A Tui spokesman only confirmed that you were in
good conversations.
According to the report, KfW is said to be under the preliminary agreement
grant around 80 percent of the loans required by Tui, 20 percent
should deliver commercial banks. These are likely to be in the package
release in the next few days, it said. The exact design of the
Aid could still change, as could the schedule. Because of the
Corona’s Tui ceased its travel business by the end of April
and applied for short-time work. The company had decided in mid-March
Apply for state guarantees to survive the crisis. / Stw / jha /
ISIN DE000TUAG000
AXC0343 2020-03-26 / 13: 58
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