Flynas orders 120 A320neo aircraft

RIYADH, SAUDI ARABIA – Flynas, Saudi Arabia’s leading low-fare carrier, has signed an agreement with Airbus for 120 A320neo Family aircraft. The agreement at list price worth SAR 32 billion (USD 8.6 billion), which includes 80 firm orders with deliveries scheduled during 2018-2026 with another 40 purchase rights was announced by Ayed Al Jeaid, Chairman…

Medical Tourism – a new segment at ITB Berlin

For the first time ITB Berlin 2017 will feature a dedicated Medical Tourism Pavilion – Huge growth in medical tourism – Papers and workshops on new trends and developments For the first time ITB Berlin 2017 will be fully devoting a platform to medical tourism, which has become an important fast-growing market. Medical service providers,…

Maximising tourism’s contribution to sustainable development, WTTC Declaration

The World Travel & Tourism Council (WTTC) launched its “Declaration for the International Year of Sustainable Tourism for Development” expressing the organisation’s full commitment to the priorities of the year and setting out its vision of how to maximise the contribution of Travel & Tourism to sustainable development around the world. David Scowsill, President &…

LATAM Airlines Group announces the successful conclusion iof its capital increase

SANTIAGO, CHILE – LATAM Airlines Group S.A., leading airline group in Latin America, and world-class airline Qatar Airways, both members of the oneworld alliance, announced that Qatar Airways, through its wholly owned subsidiary Qatar Airways Investments (UK) Ltd, completed its acquisition of 10% of LATAM reaching a total of 60,837,452 shares. The preemptive rights offering…

The 20th edition of IGTM will take place in Cannes

CANNES – Reed Travel Exhibitions and David Lisnard, Mayor of Cannes, announced the 20th edition of the International Golf Travel Market (IGTM) will be held at the Palais des Festivals et des Congres in Cannes, in the south of France, from December 11-14, 2017.  Organised by Reed Travel Exhibitions, IGTM is the world’s leading, global…

Palladium Equity Partners announces investment in indoor recreation company CircusTrix

NEW YORK – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a private investment firm with approximately $2.0 billion in assets under management, today announced that one of its affiliates has made a significant investment in CircusTrix Holdings, LLC (“CircusTrix”), an owner/operator of indoor extreme recreation parks. The investment is being made in partnership…

Eastern Airways expands Rodez services

Eastern Airways is developing its route network in France by introducing new services in 2017 from Rodez to Italy’s fashion capital, the south coast of England/London and east-central France. Three new routes include summer services from Rodez Aveyron Airport to Milan and Southampton, as well as a year-round domestic service to Lyon. The British airline…