TUI Group CEO reiterates need for airline consolidation in Europe

    TUI Group CEO Fritz Joussen reiterated the need for airline consolidation in Europe(The Telegraph, 27-Aug-2017). “I think in time there will be exits of competitors in Europe and we just need to take care of how those exits are managed”, he said. On airberlin, Mr Joussen stated the carrier’s insolvency “is not a bad thing… But we are looking at it through the lens of our people and customers”.