10-May-2012 11:01 AM

TUI Travel to invest EUR200m into Corsair recapitalisation

TUI Travel plans to invest EUR200 million into Corsair’s recapitalisation following the airline’s restructuring conducted in 2010, according to Les Echos reports. The funds are expected to allow Corsair to take delivery of a new A330 in Dec-2012 followed by a second in Feb-2013, to replace its Boeing 747 equipment. TUI Travel reportedly plans to invest an additional EUR80 million into the carrier to support its revival.