The European travel giant will return credit lines worth around €700 million euros on Friday (1 April), reducing available liquidity from €4.1 billion to €3.4 billion.
A significant portion is tied up in a revolving credit facility provided by Germany’s state-owned investment and development bank KfW, which ran to €414 million.
"This ‘rescue umbrella’ was important during the pandemic and the associated massive restrictions on our business," said Tui. "Now is the right time to reduce the first credit lines."
