The Dubai-based fund which owns the Emirates airline is exploring a sale of a quartet of UK-based leisure companies which embody Netflights and Journey Republic.
Sources mentioned on Tuesday that AlixPartners had been employed to supervise the method, with a sale the likeliest end result.
Each Emirates, the airline, and dnata are a part of the Emirates Group of corporations and owned by the Funding Company of Dubai, though they’re run as impartial entities.
The 4 dnata-owned UK companies serve totally different buyer bases, with Gold Medal sells tailored holidays into the journey commerce.
Journey Republic describes itself as one of many UK’s main on-line journey brokers, whereas Netflights presents travellers a spread of price range flights, package deal holidays and automobile rent.
Travelbag, in the meantime, presents extra premium package deal holidays to customers.
Collectively, the 4 companies account for transactions price lots of of thousands and thousands of kilos yearly, in accordance with trade sources.
“The transfer is a part of a broader strategic effort to align the group’s portfolio with its long-term enterprise priorities and evolving market dynamics.
“No selections have been made concerning the long run possession construction of the companies. The method is at an early stage.
“All companies proceed to function as regular, with no disruption to companies for our prospects and companions.
“Dnata Travel Group remains committed to acting in the best interest of its employees, customers and partners, and will provide updates as appropriate.”
The corporate declined to say what number of staff labored for the 4 companies beneath overview.
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