Awful colors I agree. TUI must have paid a lot of money to get this logo done, and force it on all the airlines of its group.All their travel agencies in Germany are also showing this childish feel good design...
Interestingly , if one look closely at the Hapag Lloyd 737 photo on "hanginthere" link , you can see that the HLF 737 is registered in Greece .. So the doomsday EU deregulation scenario is slowly taking shape...
By the way, was the original Britannia livery a copy of the Boeing colors or was it the other way around ? ( except for the "old lady" of course )