Mexico City International Airport suspended operation for several hours on Tuesday due to a 7.1-magnitude earthquake, reports Business Insider. According to CBS Chicago, airlines began resuming flights to Puerto Rico on Friday, following Hurricane Maria’s devastation of the island. Travel Leaders Corporate shares news of Travel Leaders Group’s acquisition of Raleigh-based TMC Travel Management Partners.
Browsing tag: acquisitions
Mergers and acquisitions are all the rage this week! Reuters reports Alaska Air completed its acquisition of Virgin America in a $2.6 billion deal. According to Buying Business Travel, Lufthansa Group completed its acquisition of Brussels Airlines, purchasing the remaining 55 percent of shares for €2.6 million. Financial Times reports car rental company Europcar announced plans to acquire
According to the Chicago Tribune, a new study suggests the TSA would save $34 million a year by making PreCheck free for frequent fliers. In addition to saving millions, the agency could create shorter lines and enhance security at many of the nation’s airports. Earlier this year, the GBTA Aviation Committee unveiled a new, revamped
Typhoon Meranti caused flight disruptions for China Airlines and Mandarin Airlines this week as it approached Taiwan, reports Business Traveller. According to Al Jazeera, Meranti hit southeastern China and is the third most violent typhoon on record and the strongest storm of the year globally. The TSA is boasting reduced airport wait times, with nearly 92% of fliers
Days before the start of GBTA Convention 2016 AccorHotels completed their acquisition of FRHI Hotels & Resorts, making newly apointed AccorHotels COO Kevin Frid a great person to talk to about one of the industry’s hottest topics – mergers and acquisitions. During a time of unprecedented consolidation in the travel industry, GBTA Executive Director and
For the past several years, there has been a significant number of consolidations throughout every segment of the travel industry. With mergers and acquisitions of some of the best-known brands in the air travel, lodging and ground transport sectors continuing at a rapid pace, GBTA Convention 2016 featured a Center Stage panel discussion on the