New York (AirGuideBusiness - Company Watch) May 30, 2010
TUI Travel PLC's Russian unit isn't close to a deal to acquire Moscow-based tour operator Yuzhny Krest, a person close to Yuzhny Krest said Monday. Russian daily Kommersant reported earlier Monday that TUI's Russian joint venture was in talks with Yuzhny Krest, which had revenue of USD125 million in 2009, compared to USD469 million for TUI Russia & CIS. May 17, 2010
TUI estimates ash cloud could cost industry USD1.5 billion. Peter Long, head of TUI Travel, said the ash cloud caused by an erupting volcano in Iceland might have cost the global travel industry in …
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