TUI AG : The scenario of a grounding of the 737 Max beyond April 2020 seems almost certain to us
The grounding of the 737 Max beyond April 2020 seems almost certain to us since: i/ Boeing said this week that it now expects a ban lift in mid-2020, ii/ the FAA (US Federal Aviation Authority) previously said that it will take its time before approving flights, iii/ additional issues have been found on the 737 Max, and iv/ the US peer airline United Airlines said that it does not expect its Max aircraft to fly during the summer 2020. - Even our base-case scenario now would lead to...TUI is engaged in the tourism business, operating in some 180 countries. Co.'s segments include Hotels & Resorts, Cruises and Other Tourism. The Hotels & Resorts segment comprises all Group-owned hotels and hotel companies in TUI Group. The segment comprises majority participations in hotels, joint ventures with local partners, stakes in companies. The Cruises segment consists of Hapag-Lloyd Cruises and the joint venture TUI Cruises. Other Tourism segment comprises central functions such as destination services, IT, aviation control and the French airline Corsair.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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