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easyJet agrees to acquire GB Airways
Friday, October 26, 2007
easyJet announced that it has agreed to acquire the entire issued share capital of GB Airways Ltd, excluding its slots at Heathrow Airport, from the Bland Group Limited, for a cash consideration of
Vicky Karantzavelou - Friday, October 26, 2007
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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