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Boeing signs contracts with TUI for new Dreamliners
Thursday, May 17, 2007
New 11 787-8 Dreamliners and 50 Next-Generation 737s will be delivered to TUI Group after the signing contract with Boeing. The orders were previously recorded on Boeing`s Orders and Deliveries Web site as unidentified. The value of the orders is approximately $4.7 billion at list prices. Two of the airplanes have since been delivered and identified.

New-technology benefits such as lightweight composites and innovative engine technology will allow TUI Group airlines to implement ongoing efficiency improvements.

The 787`s unprecedented environmental performance will make it an incredibly valuable asset as we look to reduce our carbon output, said Dr. Michael Frenzel, chairman of the TUI AG board. The 787 will offer a 20 percent reduction in emissions and has a 60 percent smaller noise footprint for our airport communities. It is the green airplane we need for greener operations.

TUI Group plans to put the airplanes into service with Arkefly in The Netherlands, Belgium-based Jetairfly, Thomsonfly of the United Kingdom, Germany-based TUIfly and the Scandinavian operator TUIfly Nordic. All TUI Group airlines will leverage the 787`s breakthrough economics, passenger appeal and environmental efficiency to continue and expand services within Europe and to Asia and North America.

The Next-Generation 737s will be operated on short- and medium-haul routes by all TUI airlines. All of the 737s will be fitted with advanced Blended Winglets, which reduce aerodynamic drag, thereby increasing fuel efficiency and range while reducing carbon emissions and takeoff noise.

Boeing is extremely proud of the partnership that exists with the TUI Group, said Marlin Dailey, vice president of Sales for Europe, Russia and Central Asia, Boeing Commercial Airplanes. As a company that operates throughout Europe, TUI will capture significant benefits by operating a common fleet of Next-Generation 737s and 787s across the group. The ability to move aircraft from one fleet to another to satisfy changing demands will allow TUI to be extremely nimble and flexible - a must in today`s highly competitive environment. TUI can also reap the benefits of a mixed fleet flying both the 737 and the 787.

To assist TUI, Boeing is working to create a training program that will allow pilots to transition easily from one airplane type to another, so that cross-training costs are minimized and fleet efficiency is maximized.

TUI`s order is a reaffirmation of the value that airlines derive from the 737`s exceptional economics, technology, reliability and environmental performance, Dailey said.
Vicky Karantzavelou - Thursday, May 17, 2007
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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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