June 2023


TUI has successfully extended its existing credit lines of €2.7 billion by a further two years.


The syndicated credit line from the 19 banks and KfW will now mature in July 2026.


Its revolving credit facility (RCF) will in future also be linked to the


line,


www.nitravelnews.com


TUI Extends Credit Line Following Successful Booking Season credit


Group’s emission reduction targets. KfW’s


which strong for summer 2023,


UPDATES | 3 was


recently reduced to €1.05 billion, won’t be drawn further. Meanwhile,


TUI bookings are and


demand for travel remains high in all markets.


Madrid The Top Spot For 2023 Workcation Lufthansa Agrees to buy ITA Airways Stake


FLAG carrier Lufthansa has inked a deal to acquire a 41% stake in Italy based ITA Airways. The deal is worth about €325m. Lufthansa CEO Carsten Spohr finalised talks with Italian Economy Minister Giancarlo Giorgetti in Rome. “Today’s agreement will lead to a win-win situation for Italy, ITA Airways and Lufthansa Group


France Short Haul Flight Ban Takes Effect


FRANCE’S short haul flight ban is now officially in force. It bans short domestic flights that are possible by trains in less than two-and-a-half hours. The flight ban affects mostly services from


– a stronger ITA will invigorate competition,” Spohr said. The Lufthansa Group will take an active role in the airline’s management and will name a CEO once the transaction is completed. Lufthansa will inject the €325m directly into ITA.


The Italian government will contribute with a further €250m for ITA.


Paris to cities like Nantes, Lyon and Bordeaux. The law bans flights as long as the alternative train services are frequent and well-connected, and can accommodate the


extra


passengers who travelled by air. There must be regular services enabling same day return trips. It applies to commercial flights but not private jets.


AS the popularity of remote working continues to skyrocket in the years after the pandemic, working whilst enjoying a vacation is no longer a luxury only the minority of digital nomads can enjoy. An increasing number of British expats and professionals working remotely are set to expand their horizons with European workcations in 2023, seeking out the perfect blend of work/life balance while enjoying the main perk of being remote: freedom of movement. In this unique 2023 ranking, our experts have taken 20 of the most popular European cities and ranked them on six factors that are key to working professionals, from the cost of a coffee to broadband speed and accommodation costs. Leading the pack is the dynamic metropolis of Madrid, followed closely by the vibrant destinations of Barcelona and Bucharest. Madrid strikes the perfect balance between some of the most important things to working professionals. It boasts a cheap cost of living (just £1.68 for a piping hot cappuccino, or £2.52 for a cold beer while you work) and an average nightly accommodation cost of just £89.20 – that’s the third cheapest cost out of any city on the ranking


(following Warsaw and Bucharest). While costs are low, Madrid offers lightning fast broadband speeds so you can rest easy knowing you can login and fire off emails whenever you need to. What’s more, remote workers have a choice of approximately 185 coworking spaces (not to mention the array of bars and restaurants you can work from) and over three thousands things to do in your down time!


With 186 state-of-the-art coworking spaces, fast internet and a vibrant infrastructure with plenty of things to do (almost 5,000, in fact!)Barcelona provides a workcation playground where business and pleasure intertwine seamlessly all while keeping costs low. Not to be overlooked, Bucharest shines as a rising star on the workcation horizon. This hidden gem – despite being the largest city and capital of Romania


– combines affordability


with a burgeoning remote work scene, enticing professionals seeking new horizons. Bucharest scores highest for its low cost of accommodation and super-quick broadband. While there may be fewer coworking spots to check out (52), there are still plenty of things to keep you occupied in the cultural hub of Romania.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56