About: http://data.cimple.eu/news-article/9fd7fef6d109348a0c05692b750822a03bada01b3a673709f1f5c90f

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/9fd7fef6d109348a0c05692b750822a03bada01b3a673709f1f5c90f Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Tourism giant TUI and the German government agreed on Wednesday to a second massive aid package, in a sign of how the effects of the coronavirus pandemic are still battering the industry. The Hanover-based company agreed to a 1.2 billion euro ($1.4 billion) package with German public lender KfW, intended to bolster the firm through its winter 2020/21 season. The new funds add to the 1.8 billion-euro government loan that the company agreed to in April. The company previously announced that it would cut 8,000 jobs worldwide to reduce costs. TUI's hotels, flights and cruise ships were empty at the height of worldwide lockdowns and have struggled to reopen as major destinations such as Spain have seen virus infections spike and been subjected to further quarantines. The additional money means TUI would have credit lines of 2.4 billion euros, according to the company. The new funds comprise 1.05 billion euros in loans and 150 million euros in convertible bonds. "The 1.2 billion euro stabilisation package strengthens TUI's position and would provide sufficient liquidity in this volatile market environment," TUI said in a statement. CEO Fritz Joussen said the group had already introduced "massive cost reductions in good time and implemented them quickly and consistently". "However, no one knows at present when a vaccine or medication will be available and what effects the pandemic will have in individual markets in the coming months," Joussen added. "Therefore it is right and important to take further precautions together with the German government." TUI announces its third-quarter results on Thursday. edf/mfp/rl
schema:headline	TUI agrees new 1.2 bn government aid package
schema:mentions	TUI AG Spain Chief executive officer Pandemic Virus Vaccine Severe acute respiratory syndrome coronavirus 2 Convertible bond KfW European Development Fund Market liquidity
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-12 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software