Travel Leaders Group, ALTOUR to Merge

Travel Leaders Group and ALTOUR have signed an agreement to unite under common ownership to form a single, powerhouse travel agency organization with nearly US$24 billion in annual sales.

According to officials, there will be no substantive operating changes or name changes to either ALTOUR or Travel Leaders Group’s businesses or organizations. Closing of this combination is expected to occur following regulatory approval in satisfaction of other customary conditional proceedings.

Alexandre Chemla, founder, president and chief executive officer of ALTOUR, will remain in his current leadership role and Ninan Chacko will continue to serve as chief executive officer of Travel Leaders Group.

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