Dubai-based dnata Travel Group has hired City advisors to carry out a strategic review of its options for its UK brands, which could lead to a sale.
The brands are trade-only operator Gold Medal, Travelbag, Travel Republic and Netflights.
In a statement issued late on Tuesday, the company said: “The move is part of a broader strategic effort to align the Group’s portfolio with its long-term business priorities and evolving market dynamics.
“No decisions have been made regarding the future ownership structure of the businesses. The process is at an early stage.
“All businesses continue to operate as usual, with no disruption to services for our customers and partners. dnata Travel Group remains committed to acting in the best interest of its employees, customers and partners, and will provide updates as appropriate.”
Gold Medal owns several brands, including Pure Luxury, Cruise Plus and Incredible Journeys.
A Sky News report said AlixPartners has been hired to oversee the process, with sources indicating a sale is the likely outcome.
Dnata Travel Group is part of the Emirates Group of companies, which is owned by the Investment Corporation of Dubai.
