News
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Bunnik unveils Austria/Slovenia tour
Tuesday | Jun 27 2023BUNNIK Tours has launched new short tours of Austria and Slovenia, offering explorations that focus on the countries’ imperial architecture, alpine areas, villages, and lakes.
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TK adds EY c’share
Tuesday | Jun 27 2023TURKISH Airlines will add its TK code to Etihad flights from Melbourne and Sydney to Abu Dhabi next month, with GDS screens indicating the new codeshares will start 06 Jul.
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Airbus’ VR edge
Tuesday | Jun 27 2023AIRBUS is now offering airlines the chance to design their cabin interiors virtually, through its new mixed reality technology.
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ETG deal benefit
Tuesday | Jun 27 2023EXPRESS Travel Group is likely to benefit from Helloworld’s “more structured and sophisticated approach” to digitalisation, software development, marketing and sales, according to the Independent Experts report into the proposed ETG acquisition.
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HLO board pro deal
Tuesday | Jun 27 2023EACH of the Directors of Helloworld Travel Limited – including major shareholders Andrew and Cinzia Burnes – intend to vote all of the firm’s shares held or controlled by them in favour of the resolution to be put at the upcoming Extraordinary General Meeting, convened to consider the proposed acquisition of Express Travel Group (see p1).
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$2m override boost
Tuesday | Jun 27 2023HELLOWORLD Travel expects to increase its override commission by about $2m annually if it receives payments from the acquired Express Travel Group TTV in line with existing HLO contracts.
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Deal is fair and reasonable – report
Tuesday | Jun 27 2023AN “experts report” into the proposed takeover of Express Travel Group by Helloworld Travel Limited concludes that the deal is “fair and reasonable to non-associated shareholders”.
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Sintack holds 14.6%
Tuesday | Jun 27 2023AS well as receiving $26.5m in cash as its share of the purchase price of Express Travel Group, Sintack Pty Ltd, the family company of Consolidated Travel’s Spiros Alysandratos, will also boost its HLO stake to 14.6% once both tranches of the $70 million cash and share deal are paid.
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Merlin casts Asian expansion plan
Tuesday | Jun 27 2023MERLIN Entertainment has flagged its intentions to grow its footprint in Asia, with the British entertainment company to target 24 gateway cities, including Singapore, Shanghai, and Seoul.
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COVID still a factor
Tuesday | Jun 27 2023COVID-19 is still a very real risk when travelling, showing up in hundreds of recent claims made to travel insurer Southern Cross Travel Insurance.