The Dubai-based fund which owns the Emirates airline is exploring a sale of a quartet of UK-based leisure companies which embrace Netflights and Journey Republic.
Sky Information has learnt that dnata Journey Group, which is a part of the Emirates Group of firms, has employed Metropolis advisers to conduct a evaluate of strategic choices for the belongings, which additionally embrace Gold Medal and Travelbag.
Sources mentioned on Tuesday that AlixPartners had been employed to supervise the method, with a sale the likeliest consequence.
Each Emirates, the airline, and dnata are a part of the Emirates Group of firms and owned by the Funding Company of Dubai, though they’re run as unbiased entities.
The 4 dnata-owned UK companies serve completely 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 gives travellers a spread of finances flights, bundle holidays and automobile rent.
Travelbag, in the meantime, gives extra premium bundle holidays to customers.
Collectively, the 4 companies account for transactions price tons of of hundreds of thousands of kilos yearly, in accordance with trade sources.
In a press release issued in response to an enquiry from Sky Information, a dnata Journey Group spokesperson mentioned: “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 selections have been made concerning the long run possession construction of the companies. The method is at an early stage.
“All companies proceed to function as regular, with no disruption to companies for our prospects and companions.
“Dnata Journey Group stays dedicated to performing in the very best curiosity of its staff, prospects and companions, and can present updates as acceptable.”
The corporate declined to say what number of staff labored for the 4 companies underneath evaluate.
