Emirates parent to buy Stella Travel Services
Emirates-owned Dnata has confirmed that it has signed an agreement to purchase the entire issued share capital of Stella Travel Services.
The acquisition includes all five of the UK travel company’s brands – TravelBag, Travel2, Sunmaster, Global Travel Group and Triton Rooms.
"The addition of Stella Travel Services to the dnata portfolio enhances our offering to customers and the travel trade, strengthening our position as a global company," said Iain Andrew, divisional senior vice president of dnata’s travel business.
Chester-based Stella Travel Services said last year the UAE was the company’s most popular selling destination.
"The partnership with dnata, and its experience in the country, will support continued tourism growth for the region, and improves dnata’s total purchasing power," added Andrew.
"The combined strength of Stella Travel Services, its brands and our group will deliver considerable benefits for our customers and suppliers."
Stella Travel Services CEO Andrew Botterill said the ‘partnership’ would accelerate the growth of two global brands.
"Dnata is a growing, diverse group, able to support our long-term ambitions. Destinations in the Middle East and Indian Ocean have driven our strong growth for our company in recent years. dnata’s expertise in these regions will help continue this trend for years to come," he explained.
Completion of the deal is subject to merger control clearance.
Until approved, dnata and Stella Travel Services will continue to operate independently.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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