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TUI Travel to consolidate Jet4You into Belgian business

9-May-2012 1:15 PM

TUI Travel announced (08-May-2012) plans to consolidate Moroccan low-cost subsidiary Jet4You into its Belgian business. The airline stated, "this is a natural fit as Jet4You is currently owned and operated by the Belgian business and Jetairfly is our lowest cost airline". Jet4You reported an improved result for 1H2012 as a result of a remodelled flight programme which has seen the LCC focus more on leisure routes. The airline also said it is "confident" of returning to a breakeven result. [more - original PR]