The deal comes days after a similar deal finalised Boeing rival Airbus’ purchase of Bombardier’s C Series.

The $1 billion majority stake in Silversea is designed to drive capacity in the luxury and expedition markets.

In addition, the low-cost giant says it is willing to raise its investment in the former Niki to €120 million.

Europe’s largest car rental business posted a first-quarter loss of €21 million, but management says it's in line with expectations.

Accor solidifies its position in Europe and the Middle East by buying Mövenpick Hotels & Resorts for €482 million.

The hospitality giant AccorHotels signs a strategic agreement with South Africa-based Mantis Group.

The new owners, if any are found, will get planes and a 76% stake in the struggling flag carrier.

The US hospitality giant sells its European business to a private equity firm for $1.3 billion.

Scandic Hotels finally completes purchase of Restel and Cumulus

Are IAG and Vueling the deal’s only winners?

Fast-expanding Swedish travel agency reaches Ystad