Fusioni & Acquisizioni

✈️ dnata's subsidiary Airport Handling launched operations at Italy's largest airport, Rome Fiumicino, with a seven-year license, serving 22 airline clients and handling approximately 70,000 flights annually with over 2,100 local professionals. The company invested over 20 million euros in infrastructure and equipment, primarily electric, to ensure high environmental efficiency. Rome Fiumicino is now dnata's second-largest gateway, spanning over 90 airports in 16 countries. Clive Sauvé-Hopkins, CEO of dnata Airport Operations, emphasized the expansion as a significant step in dnata's continuous growth journey.

✈ Frequent flyers of Ita Airways, which joined the Lufthansa Group, can now earn and redeem points on Lufthansa, Swiss, Austrian Airlines, and Brussels Airlines. Dieter Vranckx, CCO of Lufthansa, emphasized the importance of customer loyalty. Starting from the summer schedule, Miles & More members flying with Ita Airways between March 1 and April 15 will get an extra 2,000 miles for two continental flights and 4,000 miles for two intercontinental flights.

✈️ Madagascar Airlines began codesharing with Air France on the historic Paris-Antananarivo route starting February 4. The agreement includes flights numbered MD7050 from Antananarivo to Paris and MD7051 for the return, operating 4 to 5 times a week in winter. Passengers now have connections to 10 additional European destinations. This follows a Special Prorate Agreement signed in October 2024, enhancing the partnership between the two airlines. CEO Thierry de Bailleul highlights the strategic move for better connectivity and market presence.

📍 Central America boosts air connectivity with Europe: Air France increases flights with two direct connections from Madrid to San José, Costa Rica, and four additional flights with layovers in Mexico and the US, while Air Europa adds direct flights from Madrid to Tocumen International Airport in Panama, a weekly direct flight to Santo Domingo, and two weekly flights to San Pedro Sula, Honduras. British Airways offers a seasonal flight directly connecting London Gatwick with Juan Santamaría International Airport in Costa Rica three times a week from November to March. Iberia maintains daily flights to Guatemala, El Salvador, Panama, and the Dominican Republic, with Avianca providing seasonal flights from June to January between Madrid and San Salvador. 🚀 Investments in airport infrastructure include a $250 million renovation of Belize's Philip Goldson International Airport, a public-private partnership to upgrade Guatemala's La Aurora International Airport, a $320 million funded project by CAF for El Salvador's "El Salvador Vuela" program including the construction of the Pacific Airport and the renovation of Ilopango Airport, Honduras' modernization of Ramón Villeda Morales International Airport, Nicaragua's upcoming $400 million Punta Huete International Airport with a July start date, and Panama's modernization plans for Tocumen Airport, which served 1.6 million passengers in June 2024. Santo Domingo's Las Americas José Francisco Peña Gómez International Airport in the Dominican Republic is set to build a

🏖 Human Company is hiring over 700 positions for hu openair facilities in Veneto, Toscana, Lazio, and Luxembourg, including Palagina and PLUS Florence in Firenze. After a notable 2024 with an 11% revenue increase and a turnover exceeding €160 million, the company is launching a recruitment campaign. Mattia Rosati emphasizes the importance of employee well-being. The company seeks 320 hospitality and customer support staff, 300 service area workers, and 80 technical professionals. Toscana has 500 job openings, Veneto and Lazio each have 100. Employee benefits include training courses and welfare practices.

🎢 Cordelia Cruises, an Indian cruise company, plans to expand its fleet by filing an Initial Public Offering (IPO) through its parent company, Waterways Leisure Tourism. The IPO aims to raise approximately 8 billion rupees. Currently operating a single ship, Cordelia is eyeing the secondhand market, looking for ships that can accommodate around 2,000 passengers, as they have received numerous offers from existing cruise lines updating their fleets with larger vessels.

🏨 Minor Hotels Europe & Americas closed 2024 with revenues of €2.4 billion, a 12% increase from €2.2 billion in 2023. Net profit soared to €212 million, up 65% from the previous year. The average daily rate (Adr) rose by 5.6%, from €138 to €145 per night, and average occupancy reached 69.2%, up 1.2 percentage points from 2023. Spain's occupancy hit 74%, with a 10% increase in Adr. Italy, Benelux, and Central Europe also saw Adr and occupancy boosts, while Latin America's occupancy remained stable.

🏖️ Karavel Fram and Alpitour World signed a strategic development agreement in the hotel and tour operating sector, resulting in the acquisition of Alpitour France by Fram. All employees of Alpitour France, established in 2017, will join Karavel Fram's teams from April 2025. The collaboration includes integrating Alpitour France's product portfolio, featuring Bravo and Sea Club brands, and developing new destinations. Executives Cyrille Fradin, Gabriele Burgio, and Folco Aloisi highlighted the opportunity for synergies, enhanced product offerings, and a new development phase. Patrice Caradec will facilitate the integration, marking the alliance's first phase.

🚲 Aktivhotel SantaLucia joins Luxury Bike Hotels in Torbole, Trento. Offering bike services like workshops, wash areas, secure storage, laundry, bike rentals, guided outings, and energy snacks. With rooms, suites, apartments, two heated pools, Technogym, saunas, and massage cabin, it caters to sport lovers, couples, families, and friend groups. In 2025, a partnership with IsyTravel, an outdoor and experiential tourism operator, will offer specialized bike travel packages for active vacation enthusiasts.

✈ Binter airline signed an agreement with Atr for the purchase of four new 72-600 range aircraft, with an option for five more Atr 72-600s. The new additions aim to modernize the fleet and cut CO2 emissions by 45%. President Rodolfo Núñez emphasized the commitment to comfort, connectivity, fuel consumption reduction, CO2 emissions, and operational costs. The total investment is approximately 205 million euros, supported by Santander, CaixaBank, and BBVA.