Emirates Group’s travel and airport services unit dnata stated today it has actually acquired a stake in Asian travel firm Destination Asia Group. The firm is an integrated travel management company operating in 11 Asian countries, including China, Japan and Thailand.
The agreement is dnata’s very first entry into Asia s incoming travel sector and the most recent in a series of travel and airport operations acquisitions globally by the cash-rich system.
Our stake in Destination Asia unlocks to company chances in brand-new markets, and will strengthen dnata’s position as an international gamer in travel, Divisional Senior Vice President of dnata’s travel company, Iain Andrew, stated in the statement.
The size and value of the stake were not disclosed.
Having reported a revenue in excess of Dh1 billion for the very first time in the financial year to March 31, dnata has actually currently made a variety of acquisitions this year.
Recently, it announced a joint endeavor with Norway s G Travel, and in April it acquired American airport ground handling operator Ground Services International.
Holding Dh3.5 billion in money assets, dnata will re-enter the Iranian market by the end of June with a joint venture travel services company based in Tehran, dnatapresindet Gary Chapman told Gulf News last month. He also later on said that talks were underway to get a freight handling device in Canada which the system is likewise looking at growing its business in Brazil.
Destination Asia Group will add to a portfolio of dnata travel companies, consisting of Stella Travel Services, Gold Medal Travel Group and Travel Republic.
The great thing about South-East Asia is that it is an extremely attractive location.
Tokyo sees the greatest development with rates raised by 19 percent as compared to in 2014, and Singapore by 6.9 per cent. Sydney, on the other hand, kept its rates..