Key Developments: TUI Travel PLC (TTVLF.PK)

TUI Travel Plc To Buy 60 New Aircraft From Boeing Co-Reuters
Friday, 31 May 2013 02:19am EDT 

Reuters reported that TUI Travel Plc said it would buy 60 new planes from Boeing Co with a value of $6.1 billion. It said the deal also included an option to purchase a further 90 aircrafts.  Full Article

TUI Travel Plc Issues FY 2013 Issues Profit Guidance In Line With Analysts' Estimates
Friday, 10 May 2013 02:00am EDT 

TUI Travel Plc announced that for fiscal 2013, it expects to report underlying profit growth of at least 10% on a constant currency basis. The Company reported pre-tax profit of GBP390 million in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report pre-tax profit of GBP426 million for fiscal 2013.  Full Article

TUI Travel Plc Declares Interim Dividend
Friday, 10 May 2013 02:00am EDT 

TUI Travel Plc announced that an interim dividend per ordinary share of 3.75pence (H1 12: 3.40pence), payable to holders of relevant shares on the register at 6 September 2013. This will be paid on October 4, 2013.  Full Article

TUI Travel Plc Sees FY 2013 Operating Profit Outlook At High End Of Prior Range
Wednesday, 27 Mar 2013 03:00am EDT 

TUI Travel Plc announced that it continues to expect to be towards the top end of roadmap guidance of 7% to 10% underlying operating profit growth for fiscal 2013.  Full Article

Michael Frenzel Steps Down As Non-Executive Chairman Of TUI Travel Plc
Tuesday, 26 Mar 2013 05:33am EDT 

TUI Travel Plc announced that Dr. Michael Frenzel has stepped down as the Non-Executive Chairman and has been replaced by Friedrich Joussen with immediate effect.  Full Article

TUI AG Announces No Plans To Reduce Stake In TUI Travel Plc-DJ
Wednesday, 13 Mar 2013 08:12am EDT 

Dow Jones reported that TUI AG said that it has no intention or plans to reduce its stake in TUI Travel PLC. The Company responded to a report in Germany's manager magazine, which said TUI AG is examining the option of selling its stake in its British unit.  Full Article

TUI Travel Plc Announces Directorate Change
Wednesday, 13 Feb 2013 09:51am EST 

TUI Travel Plc announced that Michael Frenzel has announced his intention to resign as Chairman as early as the next TUI Travel Board meeting scheduled for March 25 , 2013. TUI AG has proposed that the position will be filled by Friedrich Joussen, the new Chief Executive Officer of TUI AG who was appointed as a Non-Executive Director of the Company on February 8,2013.  Full Article

TUI Travel Plc Confirms Termination of Discussions With TUI AG-DJ
Wednesday, 23 Jan 2013 04:57am EST 

Dow Jones reported that TUI Travel Plc confirmed is no longer in discussions with TUI AG a potential combination of the two companies. TUI Travel is not in discussions with any other party regarding a potential offer for TUI Travel. Accordingly, TUI Travel is no longer in an offer period for the purposes of the City Code on Takeovers and Mergers. -On January 16, TUI Travel said it had received an approach from its parent company TUI AG, which already owns 56.4% of the operator, that could result in a combination of the companies.  Full Article

TUI AG Seeks Merger With TUI Travel Plc-Reuters
Wednesday, 16 Jan 2013 11:38am EST 

Reuters reported that TUI AG has proposed a nil-premium, all-share merger with its majority-owned UK business TUI Travel Plc to cut costs and strengthen its focus on tourism. Talks were underway and TUI AG's main shareholders were interested in a reverse takeover by TUI Travel which might offer a premium to TUI AG's current share price. However the UK-listed firm, 56.4% owned by TUI AG, said in a statement any deal would be an all-stock merger under which neither set of shareholders would get a premium. TUI AG was not immediately available for comment.  Full Article

TUI Travel Plc Recommends Final Dividend
Tuesday, 4 Dec 2012 02:00am EST 

TUI Travel Plc announced that the Board is recommending a final dividend of 8.3p per share (2011: 8.0p). On May 8, 2012 the Board recommended an interim dividend of 3.4p per share (2011: 3.3p), making a full year dividend of 11.7p per share (2011: 11.3p). The final dividend will be paid on April 10, 2013 to holders of relevant shares on the register at March 8, 2013.  Full Article

AIRSHOW-TUI Travel confirms order for 60 Boeing 737MAX