Nordic Business Report-April 10, 2006-Avion Group acquires Kosmar Villa Holidays Plc
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The Icelandic air and sea transportation solutions group Avion Group said on Monday (10 April) that its United Kingdom based subsidiary, the charter airline and leisure services company Excel Airways Group Plc, has agreed to acquire the tour operator Kosmar Villa Holidays Plc.
The purchase price was not disclosed.
Kosmar Villa Holidays is the UK's leading Greece specialist. It is currently licensed to sell over 250,000 holidays.
The acquisition will strengthen Excel Airways Group's tour operating division.
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