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Airlines

TUI Group Sells Its Only Non-Charter Airline

Patrick Whyte

Photo Credit: A Corsair 747. TUI Group has sold a majority stake in the airline. Flickr / Olivier

Skift Take

TUI's charter airlines remain an essential part of the overall tourism business, but Corsair has never been a good fit. The German tourism giant has tried to sell the carrier before and has finally found a buyer.

TUI Group has agreed to sell its French scheduled carrier Corsair to a German airline investor for an undisclosed sum. The German tourism giant has been looking to offload the airline for years as it doesn't fit with the rest of the company's business. Intro Aviation is buying a 53 per cent stake, TUI will initially retain a minority stake of 27 per cent, while Corsair’s employee benefit

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