The travel group Tui is looking for a partner for the airline division of the group of companies. Access to the capacities of the airlines would be important for Tui, but this does not mean that the airlines and aircraft have to appear in the balance sheet, Fritz Joussen told the Stock exchanges newspaper.

Nevertheless, the manager rules out that there will be distress sales. There will also not be a switch to a pure leasing fleet. The ship division is to serve as a model for the reorganization of the airline division. We have been cooperating with a partner in the form of a joint venture for several years. 

In view of the corona crisis, the Group's current fleet of 150 aircraft is being reduced. Joussen confirmed that only 17 Boeing 737s will be operated in Germany in the future. There will also be cuts for the sisters. The long-distance comeback of the German Tuifly is on hold for the time being.

In the last few weeks there has been speculation that Condor and Tui could work together in the form of a joint venture. The former Thomas Cook subsidiary is insolvent and is in a so-called protective shield proceedings. However, the carrier is kept in the air by state financial injections. Fritz Jousssen did not want to comment on speculations about a possible cooperation with Condor.