The Dubai-based fund which owns the Emirates airline is exploring a sale of a quartet of UK-based leisure companies which embody Netflights and Journey Republic.
Sky Information has learnt that dnata Journey Group, which is a part of the Emirates Group of corporations, has employed Metropolis advisers to conduct a evaluate of strategic choices for the belongings, which additionally embody Gold Medal and Travelbag.
Sources stated on Tuesday that AlixPartners had been employed to supervise the method, with a sale the likeliest end result.
Each Emirates, the airline, and dnata are a part of the Emirates Group of corporations and owned by the Funding Company of Dubai, though they’re run as unbiased entities.
The 4 dnata-owned UK companies serve totally different buyer bases, with Gold Medal sells 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 spread of price range flights, bundle holidays and automobile rent.
Travelbag, in the meantime, presents extra premium bundle holidays to customers.
Collectively, the 4 companies account for transactions price a whole lot of hundreds of thousands of kilos yearly, in accordance with trade sources.
In an announcement issued in response to an enquiry from Sky Information, a dnata Journey Group spokesperson stated: “nata Journey Group has began a course of to discover strategic choices for 4 UK-based leisure manufacturers: Gold Medal, Netflights, Travelbag and Journey Republic.
“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 choices have been made concerning the longer term possession construction of the companies. The method is at an early stage.
“All companies proceed to function as ordinary, with no disruption to companies for our clients and companions.
“Dnata Journey Group stays dedicated to performing in one of the best curiosity of its workers, clients and companions, and can present updates as applicable.”
The corporate declined to say what number of workers labored for the 4 companies underneath evaluate.
