Operational highlights
- The Group delivered a strong performance despite significant economic headwinds
- The merger integration is progressing well and we are on track to deliver £200m in synergy targets by 2011
- Announced significant transactions in Germany between TUIfly and Air Berlin and in Canada with the proposed strategic venture with Sunwing
- Building a market-leading presence in Russia & CIS through a joint venture with
S-Group Capital Management
- Completed 11 bolt-on acquisitions in high-growth niche specialist businesses
- Raised £490m of financing through a convertible bond and additional bank facility
