Central to the German travel giant’s plans will be merging its five European carriers to become a single company, based in Hanover.
This includes Tui Airways, the group’s UK carrier, as well as its German, Belgian, Dutch and Nordic divisions.
Its total fleet will be cut "to about half" of its current 39 aircraft according to Tui Fly managing director Oliver Lackmann.
This, said Lackmann, would result in job losses across technical, administrative and crew functions.
Hanover and Dusseldorf will be the carrier’s main departure airports, along with Frankfurt, Munich and Stuttgart.
