Swedish tour operator bought by Norwegian firm

Purchase of JK Safaris reveals segment with profits and growth potential

Braganza, a privately held investment company based in Norway, has acquired the Stockholm-based tour operator JK Safaris. Turnover at JK Safaris, which started operations in 2007, was SEK 14.1 million (€1.53 million) and the profit SEK 0.5 million. JK Safari’s core business is personalised tours to African countries. This market is showing encouraging growth in Sweden, where JK Safaris operates and Norway has a strong presence, Braganza says. Together with Escape Travel in Sweden and Norway, JK Safaris will be Braganza’s push into the growing market for tailor-made guided holidays. This is a segment with healthy profits and growth potential, it adds, in a travel industry struggling with overcapacity from both charter operators and low-cost airlines.
“The specialised tour operator Escape Travel has been a good investment for Braganza. With JK Safaris, a well-run company in a growth segment of the travel industry, we strengthen our position in travel,” says Per G Braathen, chairman and owner of Braganza.
[pictured: West African giraffe, Niger; photo by Roland H]


Check Also

AirAsia, Ryanair, Norwegian, best, low-cost, budget, airline, world, Skytrax

Norwegian beaten as top budget airline

Sifting through the 2018 World Airline Awards for LCCs, Norwegian comes second (32nd overall), Ryanair 11th (64th overall).

Norway, tourism, economy

Travel brings billions to Norway’s economy

A new survey shows that foreigners flying to Norway with Norwegian, SAS and Widerøe are boosting the economy in a big way.

SAS, delays, flights, travel, SAS, Norwegian, Icelandair, Europe, airlines, biggest, longest, summer, July, Finnair, KLM

Flight delays skyrocket in Nordics and Europe

SAS is not the only airline struggling to keep to its timetables this summer, with Icelandair and Norwegian faring worse.

Norwegian, Brazil, cleared, low-cost, long-haul

Brazil clears Norwegian to operate flights

Flights to Brazil are "characterised by low competition and high prices. Norwegian Air intends to reverse that.”

Norwegian, South America, Brazil, strategy, flights, aircraft, transatlantic, low-cost, passengers, record, July, load factor, numbers

Norwegian sets passenger record, confirms Brazil

Norwegian confirms that it has applied to the authorities of another country with “great potential”.

Rolls-Royce, Trent 1000, 900, fault, cost, results, loss, profit, airlines, aircraft, Boeing, dreamliner, 787, BMW

Rolls-Royce budgets €1.7bn to fix engines

Major customers of the Trent 1000 include Boeing, which uses the faulty engines on its 787s.