Emirates-owned dnata puts Travel Republic in departure lounge

The Dubai-based conglomerate which owns the Emirates hose is exploring a merchantability of a quartet of UK-based leisure businesses which see Netflights and Travel Republic.

Sky News has learnt that dnata Travel Group, which is portion of the Emirates Group of companies, has hired City advisers to behaviour a reappraisal of strategical options for the assets, which besides see Gold Medal and Travelbag.

Sources said connected Tuesday that AlixPartners had been hired to oversee the process, with a merchantability the likeliest outcome.

The 4 businesses service antithetic markets, with Gold Medal sells tailor-made holidays into the question trade.

Travel Republic describes itself arsenic 1 of the UK's starring online question agents, portion Netflights offers travellers a scope of fund flights, bundle holidays and car hire.

Travelbag, meanwhile, offers much premium bundle holidays to consumers.

Collectively, the 4 businesses relationship for transactions worthy hundreds of millions of pounds annually, according to manufacture sources.

In a connection issued successful effect to an enquiry from Sky News, a dnata Travel Group spokesperson said: "dnata Travel Group has started a process to research strategical options for 4 UK-based leisure brands: Gold Medal, Netflights, Travelbag and Travel Republic.

"The determination is portion of a broader strategical effort to align the group's portfolio with its semipermanent concern priorities and evolving marketplace dynamics.

"No decisions person been made regarding the aboriginal ownership operation of the businesses.

"The process is astatine an aboriginal stage.

"All businesses proceed to run arsenic usual, with nary disruption to services for our customers and partners.

"Dnata Travel Group remains committed to acting successful the champion involvement of its employees, customers and partners, and volition supply updates arsenic appropriate."

The institution declined to accidental however galore employees worked for the 4 businesses nether review.