The rate the German-owned operating giant will pay in interest is for the first time tied to emission reduction goals. Tui has pledged to reduce in-house airline emissions by 24%, its hotels’ impact by 46% and those from cruising by 27.5% by 2030.
It is the first time the operator has had its credit facility tied to emissions reductions. Tui will now have another two years in which to repay the loan, taking the deadline to 2026.
