TUI/ First Choice
Thread Starter
Join Date: Jul 2004
Location: UK
Posts: 29
Likes: 0
Received 0 Likes
on
0 Posts
Monarch Choice or First Airlines??
Or basically just Monarch First!!
Have a read of this....
http://www.ft.com/cms/s/f8ed35b2-d36...b5df10621.html
Have a read of this....
http://www.ft.com/cms/s/f8ed35b2-d36...b5df10621.html
Join Date: Sep 2003
Location: Dunstable
Age: 44
Posts: 408
Likes: 0
Received 0 Likes
on
0 Posts
Have to speak to the wife, she works for First Choice.
She if she can get hold of any goss.
Seems like the charter airlines/Travel companies are all in talks to merge.
I think it shows how much competion there is now with the airlines.
She if she can get hold of any goss.
Seems like the charter airlines/Travel companies are all in talks to merge.
I think it shows how much competion there is now with the airlines.
Join Date: Feb 2003
Location: East Midlands Airport (EMA)
Posts: 906
Likes: 0
Received 0 Likes
on
0 Posts
Before this turns in to some sort of ... joke ... let's look at the serious elements of such a merger. Whilst regrettably there would obviously be job losses and route cuts as with any merger, from a business standpoint surely this makes a lot of sense, and fits in with the view that the industry is merging into fewer bigger players - which Globus will want to be a part of. This merger would allow Cosmos to merge with the mainstream First Choice market, creating a stronger player in the package tour market. From an airline perspective, which is what we're interested in here on PPRuNe, this would see two airlines with similar fleets merging, bringing in First Choice's successful longhaul product and regional bases with Monarch's Monarch Scheduled service to create a more competitive rival to the new Thomas Cook and TUIfly.
Join Date: Apr 1999
Location: Right Here.
Posts: 497
Likes: 0
Received 0 Likes
on
0 Posts
New today:
MAX
PARIS (AFX) - TUI AG is set to announce later today the merger of its tourism division with First Choice Holidays PLC, creating a business with annual turnover of 17 bln eur, French daily La Tribune reported on its website.
Without naming its source, La Tribune said TUI's management board was summoned to meet and approve the merger this afternoon and will subsequently issue a statement.
It said First Choice chief executive Peter Long will head the new entity and that TUI will obtain an unspecified stake in the UK group.
A spokesman for TUI told AFX News the company has no comment to make, but confirmed that a board meeting scheduled for Tuesday had been brought forward to today. He declined to say what the topic of this meeting will be.
La Tribune said the merger will exclude TUI's hotel activities.
Without naming its source, La Tribune said TUI's management board was summoned to meet and approve the merger this afternoon and will subsequently issue a statement.
It said First Choice chief executive Peter Long will head the new entity and that TUI will obtain an unspecified stake in the UK group.
A spokesman for TUI told AFX News the company has no comment to make, but confirmed that a board meeting scheduled for Tuesday had been brought forward to today. He declined to say what the topic of this meeting will be.
La Tribune said the merger will exclude TUI's hotel activities.
Join Date: Dec 2000
Location: North West, UK
Age: 56
Posts: 714
Likes: 0
Received 0 Likes
on
0 Posts
TUI (Thomson) and First Choice merger ????
Join Date: Oct 2004
Location: UK
Posts: 28
Likes: 0
Received 0 Likes
on
0 Posts
FT. Sunday March 18 2007 19:24
Tui set for tour business merger.
By Roger Blitz in London and Ralph Atkins in Frankfurt.
The Tui board was on Sunday expected to agree to merge its tour operating business with First Choice a move that would see Europes four leading tour operators consolidate into two in just over a month.
The German-based operator, whose brands include Thomson Holidays of the UK and the pan-European Airtours, would take a 51 per cent stake in a business to be called Tui Travel, according to people close to the proposed deal, creating Europe,s largest tour operator.
First Choice would take the remaining 49 per cent and Peter Long, its chief exeuctive, would run the merged company, which would take over First Choice,s London listing. Michael Frenzel, chief executive of Tui, would be the new company,s chairman.
Tui shipping and other interests would be run separately from its Hanover base. Mr Frenzel has repeatedly resisted calls to split up the group.
Tui supervisory board was locked in talks which began on Sunday afternoon, but the company declined to comment.
The combined group, which unites the number one and number three tour operators in Europe, would have annual revenues of more than £10bn, and expect to have made synergies of £100m by the third year of operation.
The deal is a mirror image of the merger agreed by Thomas Cook and MyTravel, the second and fourth biggest operators whose merger was agreed last month.
The Thomas Cook-MyTravel merger, another German-British combination, killed off First Choices hopes of selling its tour package business, called Mainstream, to either party in order to focus on specialist and adventure holidays.
Both mergers could come to the attention of the European Commission which last looked at competition in the tour operating business in 2000. The industry has since been fundamentally changed by the impact of low-cost airlines and the internet which has revolutionised consumers behaviour in booking holidays.
Like other tour operators, Tui has been under pressure to boost the performance of its travel business activities. But Tuis shipping divisions have also faced restructuring costs and pricing pressures.
In December, Tui signalled it might report a loss for the year and announced that the group would skip a dividend payment. Earlier in the month, it had announced 4,000 job cuts, mostly at Thomson Holidays, reflecting the poor state of the UK travel market.
First Choice, with a market value of £1.4bn, earlier this month reported winter holiday revenues up 12 per cent and said it has exercised options to buy four Boeing 787 airliners to add to its fleet of 32 planes. It also paid £30m for three activity holiday companies.
JPMorgan last month said European tour operators could expect continued good growth and were adapting their strategies to changing circumstances.
Tui set for tour business merger.
By Roger Blitz in London and Ralph Atkins in Frankfurt.
The Tui board was on Sunday expected to agree to merge its tour operating business with First Choice a move that would see Europes four leading tour operators consolidate into two in just over a month.
The German-based operator, whose brands include Thomson Holidays of the UK and the pan-European Airtours, would take a 51 per cent stake in a business to be called Tui Travel, according to people close to the proposed deal, creating Europe,s largest tour operator.
First Choice would take the remaining 49 per cent and Peter Long, its chief exeuctive, would run the merged company, which would take over First Choice,s London listing. Michael Frenzel, chief executive of Tui, would be the new company,s chairman.
Tui shipping and other interests would be run separately from its Hanover base. Mr Frenzel has repeatedly resisted calls to split up the group.
Tui supervisory board was locked in talks which began on Sunday afternoon, but the company declined to comment.
The combined group, which unites the number one and number three tour operators in Europe, would have annual revenues of more than £10bn, and expect to have made synergies of £100m by the third year of operation.
The deal is a mirror image of the merger agreed by Thomas Cook and MyTravel, the second and fourth biggest operators whose merger was agreed last month.
The Thomas Cook-MyTravel merger, another German-British combination, killed off First Choices hopes of selling its tour package business, called Mainstream, to either party in order to focus on specialist and adventure holidays.
Both mergers could come to the attention of the European Commission which last looked at competition in the tour operating business in 2000. The industry has since been fundamentally changed by the impact of low-cost airlines and the internet which has revolutionised consumers behaviour in booking holidays.
Like other tour operators, Tui has been under pressure to boost the performance of its travel business activities. But Tuis shipping divisions have also faced restructuring costs and pricing pressures.
In December, Tui signalled it might report a loss for the year and announced that the group would skip a dividend payment. Earlier in the month, it had announced 4,000 job cuts, mostly at Thomson Holidays, reflecting the poor state of the UK travel market.
First Choice, with a market value of £1.4bn, earlier this month reported winter holiday revenues up 12 per cent and said it has exercised options to buy four Boeing 787 airliners to add to its fleet of 32 planes. It also paid £30m for three activity holiday companies.
JPMorgan last month said European tour operators could expect continued good growth and were adapting their strategies to changing circumstances.
Join Date: Aug 2003
Location: Manchester
Posts: 178
Likes: 0
Received 0 Likes
on
0 Posts
In not sure just how true First Choice are to their word but this time last month they released a statement saying and I 'quote' "Talks regarding the possible sale of its Mainstream business have been terminated."
TUI also stated not so long ago that it had no interest in First Choice.
Besides which, if TUI and FC where to merge, I cannot see it getting much further then the EU Commission for Competition.
You never know though, but I can't see it happening.
It didn't take long for the rumour's to start again though did it?
TUI also stated not so long ago that it had no interest in First Choice.
Besides which, if TUI and FC where to merge, I cannot see it getting much further then the EU Commission for Competition.
You never know though, but I can't see it happening.
It didn't take long for the rumour's to start again though did it?
Join Date: Feb 2003
Location: East Midlands Airport (EMA)
Posts: 906
Likes: 0
Received 0 Likes
on
0 Posts
I think the merging of the tour operators makes a lot of sense as they both target the same kind of customer, and Thomsonfly is well-established in the low-cost, shorthaul market, whilst First Choice have very efficiently marketed their longhaul product with the launch of some exciting destinations and a fresh product. From an airline operation point of view though, how well mixed are their fleets?
Join Date: Mar 2007
Location: WALES
Posts: 57
Likes: 0
Received 0 Likes
on
0 Posts
Tui & First choice to merge tour ops
TUI 'to merge tour operations with First Choice'
TUI was today reported to be on the verge of merging its tour operations with First Choice to create Europe's largest tour operator.
The expected deal follows Thomas Cook merging with MyTravel and will result in consolidation of Europe's mainstream tour operating businesses from four to two.
German TUI AG will take at 51% in a business to be called TUI Travel, reports this morning suggested. First Choice would take the remaining 49% with chief executive Peter Long running the merged company.
The new look group would have 7.2 million customers, sales of £12 billion and a market value of more than £3 billion.
But cost savings are bound to be sought as part of the deal, raising the prospect of further industry job losses.
First Choice had been talking to both MyTravel and Thomas Cook about the sale of its mainstream tour operating arm until the two rivals agreed to get together less than a month ago.
TUI was today reported to be on the verge of merging its tour operations with First Choice to create Europe's largest tour operator.
The expected deal follows Thomas Cook merging with MyTravel and will result in consolidation of Europe's mainstream tour operating businesses from four to two.
German TUI AG will take at 51% in a business to be called TUI Travel, reports this morning suggested. First Choice would take the remaining 49% with chief executive Peter Long running the merged company.
The new look group would have 7.2 million customers, sales of £12 billion and a market value of more than £3 billion.
But cost savings are bound to be sought as part of the deal, raising the prospect of further industry job losses.
First Choice had been talking to both MyTravel and Thomas Cook about the sale of its mainstream tour operating arm until the two rivals agreed to get together less than a month ago.
Join Date: Aug 2006
Location: London
Posts: 277
Likes: 0
Received 0 Likes
on
0 Posts
seems strange that at TUI were being told the shorthaul market is shrinking and we need to offer more web based seat only sales and they are tieing up with another shorthaul operator!! at TUI they are trying to change the cabin crew terms and conditions and bring them back to cap371, which is what i believe FC work to!!doesn't sound too healthy for the staff at TUI!
Join Date: Jun 2001
Location: England
Posts: 908
Likes: 0
Received 0 Likes
on
0 Posts