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Tui decides to increase capital

The travel company expects gross proceeds from the capital increase of around 1,1 billion euros and wants to use fresh money to further reduce its debts. The German travel company Tui wants to raise fresh capital. The board has the approval

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Germany: Flightright seizes TAP bank accounts

The passenger rights portal Flightright has obtained an attachment order against TAP Air Portugal in Germany. According to the announcement, it is about 750.000 euros, which the carrier has not paid despite a final court ruling and multiple requests for payment. Flightright lets

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