• Travel Destinations

    Thomas Cook and SOTC become ticket resellers for Expo 2020 Dubai

    The post Thomas Cook and SOTC become ticket resellers for Expo 2020 Dubai appeared first on TD (Travel Daily Media) Travel Daily. India’s leading integrated travel services company, Thomas Cook India, and its group company, SOTC Travel, have been appointed as authorised ticket resellers for Expo 2020 Dubai, to be held in Dubai from 1 October 2021 to 31 March, 2022. The companies’ leadership positioning, extensive omnichannel distribution network, in addition to the diversity of their segments (across India’s leisure, business, b-leisure, MICE and B2B) will offer significant benefit in inspiring visitors to witness this once-in-a-lifetime global mega-event and ensure smooth and seamless end-to-end delivery. With the theme and purpose…

  • Travel Destinations

    OYO raises USD 660 million debt from investors

    The post OYO raises USD 660 million debt from investors appeared first on TD (Travel Daily Media) Travel Daily. OYO has raised a term loan B (TLB) funding of USD 660 million from global institutional investors. The offer was oversubscribed by 1.7 times and the company received commitments of close to USD 1 billion from leading institutional investors. The company will utilise these funds to retire its past debts, strengthen the balance sheet and other business purposes including investment in product technology. OYO is the first Indian startup to be publicly rated by Moody’s and Fitch, two of the leading international rating agencies. Fitch and Moody’s rated OYO’s senior secured…

  • Travel Destinations

    Ireland opens to vaccinated Brits from today

    The post Ireland opens to vaccinated Brits from today appeared first on TD (Travel Daily Media) Travel Daily. Ireland has become the first country in Europe that fully-vaccinated British travellers can visit without the need for any Covid-19 tests into or out of the country. There will also be no requirement to self-isolate if fully-vaccinated from 19 July. Niall Gibbons, chief executive of Tourism Ireland, said: “We are pleased to confirm this change in arrangements to welcome British visitors to Ireland from 19 July. The Covid-19 pandemic has been tough on everyone, and these changes will afford many people an opportunity to reconnect with family and friends in a way…

  • Travel Destinations

    United Airlines to buy 100 19 seat electric planes

    The post United Airlines to buy 100 19 seat electric planes appeared first on TD (Travel Daily Media) Travel Daily. United Airlines announced on Tuesday that it will purchase 100 19-seat ES-19 electric planes from Swedish start-up Heart Aerospace, as the US carrier considers battery-powered aircraft for regional routes. It’s the latest in a string of “innovation-related” announcements from United as major airlines face increased pressure to reduce emissions. According to a press release, the US carrier’s venture capital arm is also investing an undisclosed amount in the company alongside Bill Gates Breakthrough Energy Ventures and Mesa Airlines. The value of the order, which is conditional on the aircraft meeting…

  • Travel Destinations

    Delta Air Lines returns to profit in second quarter

    The post Delta Air Lines returns to profit in second quarter appeared first on TD (Travel Daily Media) Travel Daily. Delta Air Lines has reported a $652 million profit for the three months to June. The figure was buoyed by $1.5 billion in government benefits related to the first and second payroll support program extensions. Revenue for the quarter stood at $6.3 billion, down 49 per cent from the same period in 2019. The airline generated $1.9 billion of operating cash flow, $1.5 billion of free cash flow and $195 million of free cash flow in the June quarter. “With the best employees and operation in the industry and an…