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Business

German Travel Company Buys English Airport

German travel giant TUI plans to buy the airport near Conventry, England, a month before its own airline will make the location its hub. A company spokesperson confirmed a British newspaper report on the plans. The West Midlands International Airport, will turn from a hub for cargo planes into the home base of Thomsonfly.com, TUI's new low-fare airline, according to the spokesperson. The firm says it expects to spend than €10 million ($12.6 million) on the airport and the construction of a new passenger terminal. Thomsonfly.com will shuttle passengers to 11 vacation spots in southern Europe and will begin service March 31.