News
Travel
Thomas Cook India Group announces closure of acquisition process of Kuoni Travel (China) Limited
10 Nov 2015, 07:12 am
Mumbai, Nov 10 (NITN): Thomas Cook on Tuesday announced that it has formally concluded the acquisition of 100% shareholding of Kuoni Travel (China) Limited, Hong Kong from the Kuoni Group.
Commenting on the acquisition, Madhavan Menon, Managing Director of Thomas Cook (India) Ltd, said, "We have completed the closure process for the acquisition of Kuoni Travel China Limited based in Hong Kong. The acquisition of Kuoni Hong Kong - ably led by Maria Ng, represents an important milestone for Thomas Cook India Group, as it facilitates our entry into Asia - including China, the fastest growing travel market in the world."
Maria Ng, Managing Director of Kuoni Hong Kong said, "We are delighted to join the Thomas Cook India and Fairfax Group and look forward to working with Madhavan and his team to leverage the significant complementary opportunities across Asia, that this partnership opens up."
More News
- India announces free e-visas to Filipino tourists
- Sweden unveils Nämdöskärgården – A new Marine National Park in the Baltic Sea
- Monsoon Charity Fair in Kolkata highlights efforts of social changemakers
- Jordan showcases Adventure Tourism with 2025 Marathon Des Sables
- 10 Indian nationals among 99 denied entry into Malaysia after security screening at Kuala Lumpur airport
- Visiting US just got $250 more expensive; here's why
- Air India begins phased resumption of international flights after AI171 crash; Heathrow to replace Gatwick on Ahmedabad-London route
- We took a hit post-Pahalgam but tourism is flowing back: J&K CM Omar Abdullah assures safety to visitors
- Air India expands codeshare partnership with Air Mauritius
- Air India announces network-wide sale ahead of the summer holiday season
Malaysia Airlines adds mor ...
Malaysia Airlines will expand its South India network by adding more flights on the Kuala Lumpur–Trivandrum route to meet rising demand, the airline said. From September 12, the carrier will operate five weekly services, with daily flights to start from December 1.
IndiGo brings Europe and th ...
IndiGo has expanded its codeshare agreement with KLM, the Netherlands’ national airline, providing its passengers with enhanced access to destinations across Europe and the United Kingdom through KLM’s network, the airline said.
Etihad Airways and Azul Bra ...
Etihad Airways and Azul Brazilian Airlines have signed a frequent flyer partnership, allowing members of Etihad Guest and Azul Fidelidade programme to earn and redeem loyalty points across both airlines.