Headlines
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Helloworld $30m success
Monday | Oct 24 2016HELLOWORLD has successfully completed its institutional placement of new shares (TD Fri), raising $29.75 million which will go towards its $14 million half purchase of MTA Travel, costs of the deal and retirement of debt.
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Bicton Travel joins Express
Monday | Oct 24 2016PERTH-BASED Bicton Travel is leaving Helloworld to join the Express Travel’s Independent Travel Group (ITG), Travel Daily can exclusively reveal today.
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QF/PX c’share tentative nod
Friday | Oct 21 2016ATTEMPTS by Virgin Australia to railroad a proposed codeshare alliance between rival Qantas and Air Niugini (TD 05 Oct) appear to have failed, with the IASC saying it intends on permitting the arrangement, with conditions.
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IHG plots EVEN Aus entry
Friday | Oct 21 2016INTERCONTINENTAL Hotels Group has revealed it will develop a collection of its hotel brand dedicated to wellness, EVEN Hotels, in Australia & New Zealand.
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MTA sells 50% stake to HLO
Friday | Oct 21 2016HELLOWORLD’S 50% acquisition of MTA Travel (TD breaking news) has been described as “highly attractive” by the HLO board, which cited the strategic rationale for the deal as giving the company a “significant footprint in a sector that is experiencing accelerated growth both in Australia and globally”.
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DOT clamps down on airlines
Thursday | Oct 20 2016THE US Government is assessing if travel agents in America should be required to meet a minimum customer service standard when selling airfares to consumers.
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AAA: more rules for Airbnb
Thursday | Oct 20 2016PROPOSED changes to the regulation of short-term letting in New South Wales could pose as a safety issue for domestic and international visitors, warns Accommodation Association of Australia ceo Richard Munro.
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FlyBuys, Velocity p’ship
Thursday | Oct 20 2016FLYBUYS and Velocity Frequent Flyer have entered into a new partnership which unlocks a host of new ways for Virgin Australia frequent flyers to earn points.
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Govt travel insurance push
Thursday | Oct 20 2016AUSTRALIA’S Embassy in Thailand was the busiest consular post around the world utilised by Aussies in trouble when travelling abroad in 2015/16, a government study has found.
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Virgin Voyages firms 3 ships
Wednesday | Oct 19 2016VIRGIN’S Richard Branson has officially signed a ship building contract with Italian company Fincantieri for his cruise venture, Virgin Voyages.