About: http://data.cimple.eu/news-article/843d6261ca263dc73ffb9b5e799d5f5e01c68bb62259bcc034441a77

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About: http://data.cimple.eu/news-article/843d6261ca263dc73ffb9b5e799d5f5e01c68bb62259bcc034441a77 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	German travel giant TUI on Wednesday said it secured a third aid package -- this time worth 1.8 billion euros -- to help it withstand the devastating impact of the coronavirus pandemic. German public lender KfW, the government's WSF economic support fund, banks and TUI's largest single shareholder have all agreed to chip into the aid programme. The latest package comes after a 1.2-billion-euro programme accorded in August and a 1.8 billion-euro government loan offered in April. It "provides the security to look consistently ahead and to prepare the group strategically and structurally for the time after the pandemic", said chief executive Fritz Joussen in a statement. After a slight and short-lived recovery in travel over the summer, demand has once again collapsed as countries battle a second wave of virus infections. Germany for instance since November toughened quarantine rules for travellers arriving from so-called coronavirus risk zones. This severely impacted visitors to some of TUI's most popular destinations, such as Spain. Chancellor Angela Merkel's government has also urged citizens to stay home and avoid unnecessary travel. Before the pandemic, "TUI was a very healthy company", Joussen said. But the company had not generated any significant sales since March. The group had previously announced that it would cut 8,000 jobs worldwide to reduce costs. edf/hmn/rl
schema:headline	Virus-hit travel giant TUI secures new 1.8 bn-euro aid package
schema:mentions	TUI AG Angela Merkel Quarantine Spain Germany Pandemic Virus Coronavirus KfW
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	65 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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