TUI Travel PLC Signs Letter of Intent for Jet4you

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Jul 08, 2010 13:07 BST TUI Travel PLC Signs Letter of Intent for Jet4You TUI Travel PLC has signed a letter of intent with Royal Air Maroc (RAM) for RAM to take a majority stake in Jet4You. Jet4You is TUI Travel’s Moroccan carrier which operates low cost routes between Morocco and European cities. In addition Jet4You offers competitive seat prices in the charter market mainly serving customers in France and Belgium. The intention of any transaction is to build on the Jet4You market position as a low cost hybrid carrier and its independent profile. As and when any transaction is agreed a further statement will be issued. According to Royal Air Maroc, this agreement is part of the contribution to the enhancement of tourist flows to Morocco, and it’s a good fit to the business strategy of the company that aims at providing more travel options to its customers. For further information please contact: TUI Travel PLC Michelle Jeffery External Communications Tel: +44 (0) 1293 645 776 Email: [email protected] About TUI Travel PLC TUI Travel PLC is the world’s leading international leisure travel group which operates in approximately 180 countries worldwide and serves more than 30 million customers in over 27 source markets. Headquartered in Crawley, near Gatwick airport in the UK, the Group employs approximately 50,000 people and operates a pan-European airline consisting of 146 aircraft. The company mainly serves the leisure travel customer and is organised and managed through four business Sectors: Mainstream, Specialist & Emerging Markets, Activity and Accommodation & Destinations. In the financial year ended 30 September 2009 TUI Travel had revenues of £13.9bn and an underlying profit before tax of £366m. For more information visit www.tuitravelplc.com About Royal Air Maroc Since 1957, Royal Air Maroc ensures passenger and cargo transportation which has always been oriented by requirements of quality, safety and comfort. The flag carrier airline for Morocco operates 54 aircraft to more than 70 domestic and international destinations. To satisfy the growing tourism demand, part of the company’s network consists of point to point routes between Moroccan cities and European destinations. Royal Air Maroc’s activity is centered on Mohamed V International Airport in Casablanca, which plays the role as the company’s hub that’s connecting the traffics between Africa, Europe, the Middle East and North America. TUI Travel Plc Signs Letter of Intent for Jet4You (25KB PDF).

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