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Mergers and acquisitions

TTNG completes acquisition of Global from dnata
The consortium said it followed "a period of due diligence"
IAG reportedly set to halve price for Air Europa purchase
Airline giant is reported to have reduced the price for buying Spanish carrier to €500 million
Tui seeking partners to finance Marella Cruises ships
"Ships need to be in separate investment vehicles"
New Destinology chief sets out vision for brand’s future
Ryan Johnston says brand has “very bright future” under new owners
Travel and tourism sees October rise in M&A activity
A total of 116 deals were announced last month compared with 102 in September
Gold Medal merger: 'We're keeping the best of both brands'

Nick Hughes, dnata’s sales director, tour operations, B2B Europe, and Kerry Gallagher, marketing director, took TTG through changes to the operators during the transition period and beyond.

Gold Medal and Travel 2 will combine to operate under the single brand entity of Gold Medal, with the sub-brands Pure Luxury, Cruise Plus and Incredible Journeys also retained, with new logos. 

Unite 'seeking clarity' on Flybe deal
"Unite will be seeking commitments that they will have the first opportunity to apply for new positions with the resurrected airline"
Air Canada lowers price for rival as Covid hits carrier's value
Air Transat takeover still going ahead despite plunge in value
Third of Travel 2 agents migrated to Gold Medal
Efforts under way to transition agents that have traditionally worked with dnata’s Travel 2 brand to sister brand Gold Medal, with Travel 2 set to be wound down
Face To Face with Alistair Rowland
TTG’s news editor Jennifer Morris speaks to former Midcounties retail chief Alistair Rowland about his plans for Blue Bay Travel and role as Abta chair
New Blue Bay chief Rowland: 'We're on the acquisition trail'
Taking up the top job at a burgeoning travel business would be no mean feat at the best of times - throw in a global pandemic and a side-role as Abta chair and you’ve got a mammoth task on your hands
Hays Travel shuts 11 Tailor Made Travel shops
All staff retained across remaining eight branches and other Hays stores locally
Midcounties Co-op takes on seven Carrick Travel branches
29 roles retained as owners Tina Nason and Tracey Carter move on
Blue Bay Travel chief 'watching Destinology closely'
It was confirmed on 10 September that the luxury tour operator, owned by Saga Group, had ceased trading
New Cook boss: 'We have some thoughts on where to take the brand'
‘Thomas Cook was always about the effort the people who operated it put into it – to have the same customer centricity is going to be important to us’
Thomas Cook returns as 'Covid-ready' OTA
New era for Britain’s oldest travel brand under way, with focus greater on flexibility and customisable holiday options
Hays Travel acquires Tailor Made Travel out of administration
Tailor Made Travel went into administration at 4pm 0n Thursday
Full buy-out for Thomas Cook hotel investment fund
LMEY Investments acquires remaining 50% stake in platform
Report reveals Cox & Kings brand name price
Administrators’ preliminary report details sale of C&K trademarks
Royal Caribbean acquires remaining Silversea shares
Royal acquired two thirds of the luxury line in July 2018
Central England Co-op to close remaining travel branches
Decision follows confirmation 16 of its 24 travel branches will be taken on by Midcounties Co-op, with Central England Co-op seeking to ’move away from travel’
Midcounties Co-op to take on 16 Central England Co-op stores
Shops to reopen by mid-August, subject to consultation, as Central England Co-op seeks to move away from travel
Global Travel Group members welcome TTNG buyout plans
’I think this is the best news for all members,’ said one Global agent
Travel Network Group to acquire Global Travel Group
Deal agreed with Global parent dnata to acquire 200-plus member agent consortium