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
- Egypt returns to IFTM Paris 2025 with new travel experiences
- Dan Brown’s latest thriller brings Prague’s Gothic charm to life
- Tourist claims 56 Indian travellers with valid e-visas faced 'inhuman behaviour' while trying to enter Georgia
- India's first Seri-Eco Tourism project launched in Kashmir's Manasbal
- Anand Mahindra says heights keep Vizag’s new glass skywalk off his bucket list
- Skål International Kolkata twins with Skål International J&K to boost tourism
- US tightens visa rules: Indians must now book interviews only in country of nationality
- Navi Mumbai Airport to support safe landings in adverse weather and low visibility
- Mumbai's newest attraction is its 5-km sea promenade along Coastal Road
- Newly launched booking site QuietHotelRooms.com helps travellers sleep better
Etihad’s new A321LR l ...
Etihad Airways has launched its new A321LR aircraft on all flights to and from Kolkata, introducing a refined travel experience on the popular Indian route.
Etihad Airways launches new ...
Etihad Airways is set to expand its global network with the addition of Damascus, the Syrian capital, as a new destination starting June 2026.
IndiGo, AEGEAN sign codesha ...
IndiGo and AEGEAN, the flag carrier of Greece, have signed a memorandum of understanding (MoU) for a codeshare partnership. The agreement, which is subject to regulatory approvals, will enable both carriers to offer flights on each other’s networks.