Can the tourism industry get back on its feet?
Does the recent operation indicate a gradual recovery in tourism? Flight Centre's share price remains firm even after being hit by dismal tourism earnings, Even the trading volume has declined compared to the pre-epidemic period. On the flip side, it is heartbreaking that now there will be no more Tigerair VS Jetstar comparisons.
$Flight Centre Travel Group Ltd(FLT.AU$ announced this Thursday that it had formed an innovative joint venture with Goldman Travel and Spencer Group to focus on premium and business travel.
$Qantas Airways Ltd(QAN.AU$ announced that it would acquire all of Alliance Aviation Services Limited $Alliance Aviation Services Ltd(AQZ.AU$ , an air charter service operator.
The agreed consideration for the transaction is A$4.75 per share. This is 35% higher than Alliance Aviation's closing price of A$3.51 yesterday, valuing its enterprise at A$919.2 million.
The deal is currently still subject to ACCC and other approvals.
Back in October 2020, Virgin Australia decided to end Tigerair Australia, its low-cost airline operating for nearly 13 years.
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