TUI Group closely monitoring market, but not interested in consolidation

11 July, 2018

TUI Group chairman Klaus Mangold commented (10-Jul-2018) on the trend of European airline consolidation, stating: "We have around about 170 aircraft. We have done a lot to restructure this quite successfully, so for the time being we don't have any plans for acquisitions or mergers". Mr Mangold added: "We are certainly looking carefully [at] what is going on in the market, but for the time being we would not like to have any active role if it comes to acquisitions". [more - original PR]