Dubai Airports today welcomed the announcement by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai endorsing the AED120bn (US$ 32bn) expansion of Al Maktoum International at Dubai World Central (DWC) which will ultimately accommodate more than 200 million passengers a year.
Jennifer Atkinson, CEO of ITC Luxury Travel, the UKs leading independent luxury tour operator, today announced that she has completed a management buy-out of ITC, backed by Paul Pindar, with banking provided by Santander.
Carlson, a global hospitality and travel company, today announced that it has entered into a definitive agreement to acquire from JPMorgan Chase & Co. (JPMC), the 45 percent equity interest JPMC indirectly holds in Carlson Wagonlit Travel (CWT).
The West End Airport (MYGW) is a private airport which reopened for use on June 1, 2014. The airport opens Old Bahama Bay Resort & Yacht Harbour and the idyllic destination of West End, Grand Bahama Island to private pilots and charter operators.
The increased investment of approximately 5 billion yuan (US$0.8 billion) will be used primarily for additional attractions, entertainment and other offerings to increase capacity at the theme park, with the majority targeted to be completed for opening day.
Qatar Investment Authority and Certares lead group investing $900 million for 50% stake in joint venture; American Express retains 50% ownership Investment creates additional capacity for products, technology and servicing capabilities