Air and Travel NEWS

Sponsors 3i, Allianz seek buyers for ferry operator Scandlines

British private equity firm 3i Group Plc (LON:III) and German peer Allianz Capital Partners GmbH have chosen Goldman Sachs Group Inc (NYSE:GS) and ING Groep NV (AMS:INGA) as advisors on a potential offload … Continue reading “Sponsors 3i, Allianz seek buyers for ferry operator Scandlines”


Foreign visits to UK down in August despite Olympics

The number of visits to the UK by overseas residents was 5% lower in August, despite London hosting this year’s Olympic Games, figures showed today. The Office for National Statistics (ONS) reported that … Continue reading “Foreign visits to UK down in August despite Olympics”


Sponsor Carlyle secures a deal to acquire Landmark Aviation

US private equity firm Carlyle Group LP (NASDAQ:CL) has revealed a deal to buy Texas-based business aviation services provider Landmark Aviation from investors GTCR LLC and Platform Partners LLC. Carlyle did not disclose … Continue reading “Sponsor Carlyle secures a deal to acquire Landmark Aviation”


UK airport operator BAA to put Stansted Airport on the block

UK’s BAA Airports Limited said today it will proceed with the disposal of London-based Stansted Airport Limited after deciding not to file an appeal to the Supreme Court against a court decision regarding … Continue reading “UK airport operator BAA to put Stansted Airport on the block”


Virgin Rail loses West Coast contract to FirstGroup

Sir Richard Branson’s UK rail operator, Virgin Rail, has lost its bid to continue running the West Coast mainline route, it was announced today. The contract has been handed to rival operator FirstGroup … Continue reading “Virgin Rail loses West Coast contract to FirstGroup”


Tesco unveils virtual supermarket at Gatwick Airport

UK-based supermarket chain Tesco plc (LSE:TSCO) has opened a “virtual grocery store” in a two-week trial at London’s Gatwick Airport. The company said today that the new store would allow holidaymakers to arrange … Continue reading “Tesco unveils virtual supermarket at Gatwick Airport”


Swedish defence group Saab tables offer for air-traffic firm Hitt NV

Sweden-based aerospace and defence major Saab AB (STO:SAAB B) has made a EUR6.60 (USD8.18) per share public cash offer for Dutch sea and air-traffic control solutions firm Hitt NV (AMS:HITT), both companies said … Continue reading “Swedish defence group Saab tables offer for air-traffic firm Hitt NV”


Online travel agents and hotel group broke competition law, OFT claims

Two online travel firms and a hotel group have been accused of infringing competition law by limiting hotel room discounts. The UK’s Office of Fair Trading (OFT) issued a Statement of Objections today, … Continue reading “Online travel agents and hotel group broke competition law, OFT claims”


France’s Accor to exit Australian fund, sell two Beijing hotels

French hotel operator Accor SA (EPA:AC) said today it will sell its interest in an Australian fund plus two hotels in Beijing to a newly-created hotel investment trust, called A-Htrust, for a combined … Continue reading “France’s Accor to exit Australian fund, sell two Beijing hotels”


Bargain hunting British travellers widen horizons in search of deals

Spain is still the UK’s most popular overseas tourist destination, but with bargain hunting Brits keen to find the best deals, UK travellers are widening their palette of options, according to data provided by Asda Money. The UK … Continue reading “Bargain hunting British travellers widen horizons in search of deals”


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