TUI Group returns first credit lines

TUI is returning the first part of the credit lines provided during the pandemic on 1 April 2022. The financial resources made available by the German government and private banks in the framework of the three stabilisation packages will then be reduced by around €700 million. A large part of this refers to the KfW Revolving Credit Facility (RCF). Fritz Joussen, CEO TUI Group: “TUI was a very healthy company before the pandemic. The worldwide travel restrictions, especially at the beginning of the pandemic, almost completely deprived us of our business basis. That is why temporary aid was important and