Articles tagged “m and a”

Imperiled Thomas Cook in Talks to Sell Nordics Division

Imperiled Thomas Cook in Talks to Sell Nordics Division

Patrick Whyte, Skift

Given that Thomas Cook released a statement about the potential sale, this looks pretty serious. But it begs the question: Just what will Thomas Cook have left if and when it sells its airlines and Nordics divisions?

3 days ago

Bidders Line Up to Buy Anbang Luxury Hotel Portfolio

Bidders Line Up to Buy Anbang Luxury Hotel Portfolio

Scott Deveau and Gillian Tan, Bloomberg

Anbang is edging closer to selling off its collection of luxury hotels. It's buying spree now seems like a distant memory.

4 days ago

Ryanair Ready to Pounce on Opportunities From Pending Airline Mergers

Ryanair Ready to Pounce on Opportunities From Pending Airline Mergers

Patrick Whyte, Skift

It looks like Ryanair is preparing itself for a major shakeup of the European airline industry. We've heard it talk about struggling competition before, but things are getting much tougher out there.

6 days ago

Air Canada Bids $387 Million for Tour Operator Transat

Air Canada Bids $387 Million for Tour Operator Transat

Scott Deveau, Bloomberg

While buying a rival airline makes sense, what's interesting is that as a vertically-integrated tour operator Transat has a number of other business lines, including brick-and-mortar travel agencies. What will Air Canada do with these?

1 week ago

British Airways Parent Isn’t Interested in Buying Thomas Cook’s Airlines

British Airways Parent Isn’t Interested in Buying Thomas Cook’s Airlines

Patrick Whyte, Skift

Despite playing a key role in European airline consolidation over the last few years, it seems IAG's arch dealmaker Willie Walsh is now happy to sit back and let others fight it out.

2 weeks ago

Thomas Cook Sees Shares Rise on Takeover Talk

Thomas Cook Sees Shares Rise on Takeover Talk

Lucca de Paoli, Bloomberg

Takeover rumors can do wonders for a company's share price. We'll have to wait and see whether talk turns to action in the case of Thomas Cook.

1 month ago

Thomas Cook Attracts Takeover Interest

Thomas Cook Attracts Takeover Interest

Patrick Whyte, Skift

With the airline unit already in play, it makes sense that there would be some interest in the rest of 178-year-old Thomas Cook.

1 month ago

Wow Air Moves On After Frontier Owner Bails on Talks

Wow Air Moves On After Frontier Owner Bails on Talks

Patrick Whyte, Skift

If Indigo Partners isn't willing to invest, we're betting that things don't look pretty at Wow Air. Will the struggling carrier survive?

2 months ago

Lastminute.com Goes After TUI With Vacation Push

Lastminute.com Goes After TUI With Vacation Push

Patrick Whyte, Skift

While traditional tour operators might not offer the flexibility that Lastminute.com does with its package vacations, they do have an advantage in terms of exclusivity.

2 months ago

TUI Group Sells Its Only Non-Charter Airline

TUI Group Sells Its Only Non-Charter Airline

Patrick Whyte, Skift

TUI's charter airlines remain an essential part of the overall tourism business, but Corsair has never been a good fit. The German tourism giant has tried to sell the carrier before and has finally found a buyer.

2 months ago

Does a Tour Operator Really Need Its Own Airline?

Does a Tour Operator Really Need Its Own Airline?

Patrick Whyte, Skift

TUI clearly thinks having an airline is crucial, but what about its big rival Thomas Cook?

2 months ago

Lufthansa Looks at Taking Over Thomas Cook-Owned Airline Condor

Lufthansa Looks at Taking Over Thomas Cook-Owned Airline Condor

Patrick Whyte, Skift

Lufthansa sees Condor as a good fit for its existing business. The question is would Thomas Cook split up its airline, and would competition regulators allow it?

2 months ago