ASIA Travel Tips.com

 

Orizonia buys Amadeus stake in Rumbo

Search ASIA Travel Tips .com Latest Travel News Tuesday, 5 February 2008

Amadeus has agreed to sell its 50% stake in Rumbo to Orizonia Corporación, a leading company in the Spanish tourism sector. The other 50% of Rumbo will continue to be  owned by Telefónica, the Spanish telecommunications company. Orizonia and Telefónica have applied to the EU competition authority for approval of the agreement; the authority is expected to give its judgement within approximately four weeks.

"We are very pleased with the acquisition of Rumbo and the alliance with Telefonica which it implies," said Gabriel M. Subías, CEO, Orizonia Corporación. "This is a very important step in the consolidation of our new online division and we are very proud to now be working with Rumbo on this exciting project." 

"Rumbo has been extremely successful from the beginning, and is now one of the leading online travel agencies in Spain, Portugal and Latin America," added Philippe Chérèque, Senior Vice President, Corporate Strategy, Amadeus.

"But for some years now, Amadeus has been consolidating its online travel agency interests around Opodo, and, while we see a bright future for Rumbo, we consider that now is a good time to hand over the company to new owners so that they can grow it further."

See other recent news regarding: Airlines, Aviation, Hotels, Amadeus, GDS


Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address above, or return to the Latest Travel News Asia main page to see all the latest headlines. You can also s
tay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
HD video of a Deluxe Room, Regency Club Room and a Suite at the Hyatt Regency Hua Hin and The Barai in Thailand ThaiVietjet - Exclusive Interview with Dr. Nguyen Thanh Hung, Chairman - HD This exclusive HD video interview with Mr. Vincent Hoogewijs, Regional Vice President and General Manager of the Four Seasons Hotel Bangkok, took place on 2 May 2014
Hyatt Regency Hua Hin ThaiVietjet Chairman Four Seasons Bangkok
Making a Difference: Hansar Hotels and Resorts' CSR Initiatives - Interview with CEO HD video tour of a Sea View and a Sea View XL Room at the luxurious Hansar Samui in Thailand ATR Demonstrates 72-600 Flight Simulator During Singapore Airshow 2014
Hotel CSR Hansar Samui ATR Simulator
Anantara Bangkok Riverside - Exclusive HD Video Interview with GM, Nikolaus Priesnitz GECAS to Lease 10 New Boeing Aircraft to Myanma Airways An exclusive HD video interview about the elegant Airbus A350 XWB with David Velupillai, Marketing Director for Airbus Corporate Jets at Singapore Airshow 2014
Anantara Riverside Myanma Airways Airbus A350
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER

Latest Travel News
Advertising
Advertising

 
Contact Details | Privacy | About Us | ASIA Travel Tips.com © Copyright 1997 - 2014 - ASIA Travel Tips.com - All rights reserved