The Dubai-based conglomerate 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.
The 4 companies serve totally different markets, with Gold Medal promoting 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 variety of funds flights, package deal holidays and automobile rent.
Travelbag, in the meantime, presents extra premium package deal holidays to shoppers.
Collectively, the 4 companies account for transactions value a whole bunch of thousands and thousands of kilos yearly, in response to business 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 decisions have been made regarding the future ownership structure of the businesses.
“The method is at an early stage.
“All businesses continue to operate as usual, with no disruption to services for our customers and partners.
“Dnata Journey Group stays dedicated to appearing in the very best curiosity of its staff, prospects and companions, and can present updates as applicable.”
The corporate declined to say what number of staff labored for the 4 companies underneath evaluation.
