Holiday giant TUI taps Germany for extra €1.2bn in Covid loans 

Holiday giant TUI taps Germany for extra €1.2bn in Covid loans 
TUI has received a second loan lifeline from the German government since the start of the Covid crisis

Holiday company TUI has said the German government has agreed a €1.2bn aid package to help boost its finances and ensure it survives into 2021 as the pandemic continues to wreak havoc on the travel industry.

The company said the extra liquidity will help it endure the coming winter season and beyond.

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