TUI announces further repayment of pandemic aid

TUI has announced the last repayment of the pandemic-era financial assistance it was allocated from Germany’s Economic Stabilisation Fund (WSF). “In order to be able to repay the state aid quickly, the Group had successfully carried out a capital increase as agreed. With the proceeds, the WSF’s Silent Participation I in the nominal amount of 420 million euros was completely redeemed,” the travel business announced. The group, which includes an airline, had in 2022 repaid the €671 million Silent Participation II part of the WSF package. ” Together with the WSF, we had agreed on a roadmap to repay the