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Travel Industry News

Saga's First-Half Profit Rises

September 30, 2014

Saga, a UK travel and insurance company that focuses on customers over 50, said first-half profit rose 14.9 percent as its travel insurance and private medical insurance units performed strongly.
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Saga's First-Half Profit Rises

Travelport IPO Raises USD$480 Million

September 25, 2014

Travelport priced its initial public offering at USD$16 per share, the top end of the expected range, valuing the company at USD$1.9 billion.
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Ryanair Agrees Deal With Amadeus

September 24, 2014

Ryanair is continuing its bid to win over business customers by announcing a deal with Amadeus to sell seats through the technology company's network of travel agents.
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Ryanair Agrees Deal With Amadeus

US Forecasts Over 500,000 Ebola Cases In W. Africa

September 23, 2014

Global experts issued stark new warnings of the scale of West Africa's Ebola outbreak on Tuesday, with the US CDC estimating between 550,000 and 1.4 million people might be infected in the region by January.
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US Forecasts Over 500,000 Ebola Cases In W. Africa

Lufthansa's Premium Economy Exceeding Expectations

September 23, 2014

Bookings for Lufthansa's new 'premium economy' class, part of a EUR€3 billion (USD$3.9 billion) investment in new seats and in-flight entertainment options, are ahead of expectations, an airline executive said.
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Lufthansa's Premium Economy Exceeding Expectations

Chinese Visitors Help Lift Mauritius Tourism

September 19, 2014

Mauritius tourism revenue rose 5.7 percent year on year from January to July mainly due to a jump in visitors from China.
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Chinese Visitors Help Lift Mauritius Tourism

TUI, TUI Travel Agree EUR€6.5 Bln Merger

September 15, 2014

Europe's biggest tour operator, TUI Travel, and majority owner TUI have agreed the terms of a merger, creating the world's largest leisure and tourism group with a combined value of EUR€6.5 billion (USD$8.42 billion).
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TUI, TUI Travel Agree EUR€6.5 Bln Merger

Fosun Makes Counter-bid For Club Med

September 12, 2014

Chinese conglomerate Fosun has launched a last-minute counter offer for holiday operator Club Mediterranee, hours before a deadline for rival proposals to a bid from Italian tycoon Andrea Bonomi.
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Fosun Makes Counter-bid For Club Med

Travelport IPO Expected To Raise USD$480 Mln

September 11, 2014

Airline ticketing company Travelport's initial public offering is expected to raise up to USD$480 million, the company said in a regulatory filing.
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Germany Considers Scrapping Air Traffic Tax

September 10, 2014

Germany's Transport Ministry is looking into potentially phasing out the country's tax on air traffic which has attracted strong criticism from airlines.
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Germany Considers Scrapping Air Traffic Tax