Tag Archives: Group

MSC Group unveils new Explora Journeys brand | News

MSC Group unveils new Explora Journeys brand | News

The MSC Group has introduced its entry into the luxurious cruise market with the launch of a brand new model, Explora Journeys. Constructed by Fincantieri, the primary of 4 luxurious ships will set sail in 2023, with the remaining ships prepared in 2024, 2025 and 2026. Every will utilise the newest in cutting-edge maritime expertise […]

TUI Group sells Riu Hotels & Resorts stake for €670m | News

TUI Group sells Riu Hotels & Resorts stake for €670m | News

The Riu household has taken full possession of the Riu Motels & Resorts model in a take care of TUI Group. The vacation big had held 49 per cent of the corporate, however has bought its share for €670 million because it seems to be to scale back money owed constructed up through the Covid-19 […]

Devmark Group to market Palm Tower in Dubai | News

Finishing touches for Palm Tower ahead of October debut | News

Devmark Group has been appointed to create the advertising and marketing technique and direct the gross sales for the 43-storey Palm View tower in Dubai. Positioned just under the trunk of Palm Jumeirah, with a 180-degree view throughout to Bluewaters Island, Palm Jumeirah and Burj Al Arab, the residential venture boasts a complete of 263 […]

TUI Group to raise €350m in fresh capital | News

TUI Group to raise €350m in fresh capital | News

TUI Group has revealed plans to boost no less than €350 million in contemporary funding as the corporate seeks as to whether the continuing influence from the Covid-19 pandemic. The brand new senior unsecured bonds will fall due in 2028. TUI intends to make use of the money to additional enhance its liquidity place because […]

International Airlines Group reports €7.4bn loss for 2020 | News

International Airlines Group reports €7.4bn loss for 2020 | News

Worldwide Airways Group has reported a lack of €7.four billion for monetary 2020 because the Covid-19 pandemic wrought havoc within the aviation sector. The losses embrace expenses for distinctive gadgets referring to gasoline and foreign money hedges, early fleet retirement and restructuring prices. The determine is compared to a revenue of €2.6 billion in 2019. […]

Accor further sells down stake in Huazhu Group | News

Accor further sells down stake in Huazhu Group | News

Accor has offered an extra a 1.5 per cent stake in Huazhu Group of China for €239 million because it continues to battle the fallout from the Covid-19 pandemic. The French firm stated the transaction would reap the advantages of the preliminary funding, whereas additionally simplifying its stability sheet. After this transaction, Accor will personal […]

Ovation Travel Group acquired by American Express Global Business Travel | News

Ovation Travel Group acquired by American Express Global Business Travel | News

American Categorical World Enterprise Journey has acquired Ovation Journey Group. The acquisition consists of all Ovation Journey Group manufacturers, together with Legal professionals Journey.  Ovation Journey Group purchasers and travellers will proceed to obtain the excellent, high-touch service for which the enterprise and its individuals have change into so famend over the past 36 years. […]

British Airways facing group action claim over data breach | News

British Airways facing group action claim over data breach | News

British Airways is dealing with the most important ever group declare over a knowledge breach in UK authorized historical past following a 2018 incident. The theft of knowledge from the airline is assumed to have uncovered particulars of greater than 400,000 clients. Greater than 16,000 clients have now joined the case forward of a March […]

Tata Group boosts stake in AirAsia India | News

Tata Group boosts stake in AirAsia India | News

Tata Group has elevated its stake in AirAsia India because the conglomerate seems to extend its share of the home aviation sector. On Tuesday, the corporate introduced it might enhance its holdings within the Indian-based three way partnership with AirAsia from 51 per cent to 84 per cent. AirAsia, owned by Malaysian tycoon Tony Fernandes, […]

Bartlett to lead Organisation of American States working group | News

Bartlett to lead Organisation of American States working group | News

Jamaica minister of tourism, Edmund Bartlett, has been chosen to chair a high-level Organisation of American States (OAS) working group. The physique has been charged with the event of an motion plan for the restoration of the cruise and airline industries in gentle of the fall-out attributable to the Covid-19 pandemic. “Jamaica could be very […]

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