Norwegian Air To Buy Nordic Leisure Travel Group in $843m Bet on EndtoEnd Travel
News Source : Skift
News Summary
- The proposed acquisition of the region's largest package-holiday operator is worth around SEK 7.94 billion.
- NLTG brings the Ving, Spies, Tjäreborg, and Globetrotter holiday brands, the 12-aircraft carrier Sunclass Airlines, and 26 of its own concept hotels in Spain, Greece, Cyprus, Turkey, and Thailand.
- Together, the combined group is expected to serve 30 million customers annually, operate close to 160 aircraft, and control a network reaching more than 490 routes.
Norwegian is moving beyond its airline roots with a deal to acquire Nordic Leisure Travel Group (NLTG), owner of some of the regions bestknown vacation brands and hotels.
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