TOURCO, a 28-year-old inbound Receptive Wholesaler, specializing in FIT and group tours to United States and Eastern Canada announces that it has acquired Generations Touring Company of Seattle, WA. Generations Touring Company (GTC) promotes intergenerational bonding through exciting small-group travel experiences designed to enrich and entertain.
The Kuoni Group is to acquire a 100 percent shareholding in Cotravel AG effective 1 January 2009. Cotravel is one of Switzerland’s leading providers of quality educational travel arrangements, primarily in the form of readers’ trips offered in collaboration with top Swiss newspapers and magazines. The acquisition will further strengthen the Kuoni Group’s position in the premium travel sector.
The Kuoni Group is to acquire a 100 percent shareholding in Cotravel AG effective 1 January 2009. Cotravel is one of Switzerland’s leading providers of quality educational travel arrangements, primarily in the form of readers’ trips offered in collaboration with top Swiss newspapers and magazines. The acquisition will further strengthen the Kuoni Group’s position in the premium travel sector.
Government regulators want to know more about how a proposed alliance between American Airlines and British Airways could affect competition on overseas flights. The U.S. Transportation Department asked the airlines to provide more information about the planned partnership, including its impact on Heathrow Airport in London, cargo operations, and service in Asian and Latin American markets.
Royal Caribbean Cruises Ltd. has agreed to borrow up to 485.6 million euros (about $680 million at Wednesday’s exchange rate) from Germany’s KFW IPEX-Bank.
The German carrier recently acquired a controlling holding in Bmi, the second largest carrier at Heathrow. Virgin, which has courted Bmi for a potential tie-up in the past, now sees a renewed opportunity to forge a link. “Virgin Atlantic can confirm that it is holding talks with Lufthansa regarding the future of bmi.