Travel News Archive

• 'Compass Group Selling Travel Properties (AP via Yahoo! News)
British catering company Compass Group PLC said Sunday it is selling its airport and railway food concessions and other travel properties for 1.82 billion pounds ($3.2 billion).
• 'Israel tightens restrictions on Palestinian travel inside West Bank (CP via Yahoo! Canada News)
NABLUS, West Bank (AP) - Israel has tightened travel restrictions on Palestinians in the West Bank in recent months, making movement there harder than at any time since Israel's major offensive in the territory in the spring of 2002, Palestinians and human rights workers said.
• 'Compass promises a buyback after sale of travel unit (Times Online)
COMPASS GROUP, the world?s largest contract caterer, yesterday pledged to return £500 million to shareholders after agreeing to sell its SSP travel catering unit to the Macquarie banking group, of Australia, and the Swedish Wallenberg family for £1.82 billion.
• 'Michigan travel briefs (Detroit Free Press)
A new bus service, Megabus, starts nonstop trips Monday between Detroit and Chicago. It advertises rates as low as $1 each way. Is it true? Yes, if you book far enough in advance and travel midweek. However, more typical fares will range from $8 to $20 each way, with weekends higher.
• 'BEEN THERE | PEOPLE WHO TRAVEL: Monasteries offer refuge from high prices (The Charlotte Observer)
About 16 years ago, travel author Eileen Barish read a story about staying at a monastery. Research led to "Lodging in Italy's Monasteries," "Lodging in Spain's Monasteries" and the just out "Lodging in France's Monasteries." Barish, 60, lives in California.
• 'Compass Agrees to Sell Travel-Catering Unit for 1.82 Bln Pounds (Bloomberg.com)
April 9 (Bloomberg) -- Compass Group Plc, the world's largest caterer, agreed to sell its travel services concessions to groups of investors led by EQT Partners AB and Macquarie Bank Ltd. for 1.82 billion pounds ($3.2 billion) in cash.
• 'Compass Group Selling Travel Properties (Minneapolis-St. Paul Star Tribune)
LONDON (AP) - British catering company Compass Group PLC said Sunday it is selling its airport and railway food concessions and other travel properties for 1.82 billion pounds ($3.2 billion). The company has agreed to sell its travel catering business Select Service Partner to EQT, a Stockholm-based group of private equity funds. The Moto chain of British motorway service stations has been sold
• 'Airline fined for denying travel New Delhi (The Telegraph)
(PTI): A consumer court has asked Gulf Air to cough up Rs 26,000 as damages and also refund air fares to two passengers for forcing them to travel by another airliner despite having valid tickets.
• 'Compass in £1.8bn sale of travel arm (Independent)
The acquisitive Australian investment bank Macquarie increased its UK presence yesterday by buying the Moto chain of motorway service stations from Compass as part of the scandal-hit group's £1.82bn disposal of its travel catering business.
• 'Compass sells travel catering unit (CNN.com)
LONDON (Reuters) -- Britain's Compass Group Plc has agreed to sell its travel concession unit to groups of investors led by EQT Partners and Macquarie Bank for £1.82 billion ($3.2 billion) in cash, the world's largest caterer said on Sunday.

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