TUI sticks to 3 ships plan for TUI Cruises-paper
FRANKFURT, May 9 (Reuters) - German travel company TUI (TUIGn.DE: Quote, Profile, Research) is keeping to its plan to provide three vessels for TUI Cruises by 2012, weekly WirtschaftsWoche said, citing TUI Cruises head Richard Vogel.
"We are aiming for three ships by 2012. It is not yet determined whether we will issue an order for a new ship or for a remodelling of a ship," Vogel told the German weekly magazine.
"The time now is favourable to put out such orders. In that context, the (worldwide financial) crisis has its advantages," he added.
TUI Cruises, a 50-50 joint venture between TUI and Royal Caribbean Cruises Ltd, is set to begin service with one ship in 2009.
© Thomson Reuters 2009 All rights reserved
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
India
US
UK
