TUI Group sold Corsair International to INTRO Aviation.

TUI Group, the world’s leading tourism group, sold French long-haul scheduled carrier Corsair International to INTRO Aviation, the specialist turnaround consultants focusing on the airline sector. Financial terms were not disclosed. “We are consistently transforming TUI to focus on tourism, its core business. Here, we are investing in hotels and cruise ships, and increasingly in holiday experiences in the destinations. These are segments in which we are growing, and where we are continuing to expand our global activities. We are exiting non-core business areas that do not leverage any synergies for the Group. The sale is the right move for TUI and will also benefit Corsair and its staff,” said TUI CEO Fritz Joussen.