UTair bond series
6th March 2013
Dnata, the holidays and baggage handling arm of Emirates Airline, has gained control of one of the biggest online travel agents in the UK. The deal struck at the end of last month for an undisclosed sum is the latest in a buying spree of travel firms by Dnata as it seeks to strengthen its position in the lucrative online travel market. The acquisition of Travel Republic also has the potential to channel more UK traffic through the Dubai company. More than two million people a year book their holidays through Travel Republic's website.
Part of the Emirates Group and wholly owned by the Investment Corporation of Dubai, Dnata has more than 20,000 employees involved in ground handling, flight catering and IT services, spread across 76 airports around the world.