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European trains to start competing with airlines. Railteam, an alliance of 9 high speed rail companies across 7 countries, has formed to offer the best prices and to recognise each other's loyalty schemes. They have also agreed to coordinate timetables and allow single tickets to cover a whole journey even if it covers several operators' trains. This is a similar scheme to that operating in the UK, where several companies have the same ticketing ...more
Th EU has backed an Open Skies deal with the US. The unanimous vote by EU transport ministers will liberalise transatlantic aviation, easing restrictions on travel between Europe and the US. The deal may still collapse, however, over the US's usual protectionist stance on foreign ownership of US companies. They are isisting on a minimum of 75 percent US ownership of all US airlines. Should the deal go ahead, it could herald a new era of cheap tr ...more
First Choice and Thomson Holidays merge to form Europe's top tour operator. The new firm, TUI Travel, will be based in the UK and there are plans to list the shares on the London Stock Exchange. First Choice said that there would be job duplications but it was too early to say whether there would be jobs cuts because of this. The deal still needs to be approved by the competition regulators and shareholders but First Choice are confident that they would get approval.
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