The travel group TUI has agreed a plan with the federal government for the complete repayment of state financial aid in the Corona crisis.
TUI announced on Tuesday that the state's outstanding silent participation and a bond with warrants would be repaid at a price of at least 730 million euros.
The money for this should come from a capital increase.
The supervisory board of the State Economic Stabilization Fund (WSF) has approved the timetable.
"Rapid repatriation of government aid was always our goal," said TUI boss Sebastian Ebel.
"Now is the right time: TUI is stable and on the way back to sustainable, profitable growth." The shareholders must approve the capital measures at the Annual General Meeting in February 2023.
The state supported TUI because of the complete slump in the travel business in 2020 with a total of 4.3 billion euros to prevent insolvency.
The sum was divided into a three billion euro loan from the state bank KfW and a capital injection of up to 1.3 billion euros in the form of silent contributions.
TUI has already increased capital three times to return the crisis aid.
The remaining KfW credit line is to be significantly reduced further.