Germany holds the promise of rescue devastated by the pandemic companies Covid-19 and will grant a loan 2 billion to TUI.
The world's leading tour operator has reached an agreement with the state-owned bank KfW on the terms of a bailout loan. The banks and financial TUI must sign the package in the coming days. This preliminary agreement allows KfW provide about 80% loan, while commercial banks assume the 20% remaining.
The German group TUI announced in mid-March to suspend most of its activities as a tour operator due to the spread of the coronavirus pandemic and called for help from the state.
The measure mainly affects the activities of travel packages, hotel and cruises, according to the group, that has 70.000 employees worldwide.
A TUI, which is based in Hannover, He said the move is a consequence of the decisions of many countries to restrict the movement to try to contain the spread of disease.
The Group, present in a hundred countries, He said he was willing to apply drastic measures to reduce costs to meet the turnover fall.
Note that the governments of Europe and North America are carrying out rescue plans as they become new epicenters of the virus. The US Senate approved a rescue plan 61 billion dollars to ailing airline companies and travel companies. In The United Kingdom, carriers will have to apply for more than 368,34 billion euros in loan guarantees comerciai.
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