Thomas Cook to buy rival MyTravel
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LONDON/DUESSELDORF, Germany  - German-owned Thomas Cook is to buy British package holiday rival MyTravel , the companies said on Monday, creating a travel company worth about 2.8 billion pounds ($5.5 billion).
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Air New Zealand has confirmed it is hiking up the fuel surcharge on airfares sold from September 2nd. The surcharge applied to flights on regional Link services will double, to $6 per one-way journey.
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MyTravel and Thomas Cook will combine in a deal to create a more cost-competitive European-based travel company, the companies said. The new company will retain the Thomas Cook name, one of the oldest established brands in the travel industry. KarstadtQuelle, the German retailer that owns Thomas Cook and a department store chain, will hold a 52 percent stake in the combined group. MyTravel, which is based in London, will hold the rest. The combined company, which will be based in London and listed on the London Stock Exchange, will be called the Thomas Cook Group.
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German low-cost carrier Air Berlin said Thursday it was planning to buy the Condor airline from British-based travel operator Thomas Cook.
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AirTran Holdings Inc.  said on  Wednesday it had offered to buy rival Midwest Air Group Inc.  .
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Travel company Thomas Cook, which recently merged with rival MyTravel, will close 150 stores and six offices.
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CHICAGOâTravel and real estate heavyweight Cendant Corp. yesterday said it will buy travel website Orbitz Inc. for about $1.25 billion (US), making it the second-largest competitor in the online travel industry.
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Tour operator Thomas Cook makes a         Â£196m (286.7m euro) loss in the first nine months of the year but says its overall financial position has improved.
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Cendant, the worldâs largest travel group, continued its buying spree, saying on Thursday it had agreed to buy privately held Gullivers Travel Associates, the UK-based travel company, and Octopus Travel for about $1.1bn cash.
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eBookers, one of Europe&#39;s leading travel website is up for grabs. Cendant, the world&#39;s largest travel group, is expected to announce a deal to buy the internet travel site at $145 mn or more.
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Cendant, the US travel group which owns Cheaptickets.com, continued to blaze an acquisitive trail yesterday with the agreed $1.1bn (Â£570m) purchase of private UK-based holiday wholesaler Gullivers Travel Associates.
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Travel and real estate heavyweight  Cendant Corp. on Wednesday said it will buy travel Web site  Orbitz Inc. for about $1.25 billion, making it the  second-largest competitor in the online travel industry.
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German-owned Thomas  Cook is to buy British package holiday rival MyTravel, the  companies said on Monday, creating a new company worth about  2.8 billion pounds ($5.45 billion).
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Travel and hospitality company Cendant will acquire online travel supplier Orbitz for around $1.25bn (Â£690m). Cendant said it had reached a definitive agreement to buy all Orbitz shares.
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Travel Ad Network (TAN), the leading vertical ad network in travel, today announced that Michael H. Thomas, an online travel entrepreneur and investor since 1995, has made an investment in the company of up to $1.2 million.  Mr.
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Real estate investment trust   Hospitality Properties Trust HPT.N on Monday said it agreed   to buy TravelCenters of America Inc., which operates food and   gas service stations along highways, for about $1.9 billion.
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Thomas G. Woolston  is trying to start an online travel site named uBid Travel. He's negotiating with hotels, brokering partnerships with airlines and making sure the site looks just right.