RE: 525-530 by close of day2 Jun 2020 19:07
Germany can’t afford for tui to go down- At TUI, customers had paid hundreds of millions of euros in advance for travel. However, the group did not insure the full sum, but only 110 million euros. This is how German law provides. If the TUI goes bankrupt, it could happen that the federal government has to pay the money back to the customer - and that from tax money.