Global Aero Logistics, which owns Indianapolis-based ATA Airlines, bought World Air Holdings for $315 million in cash late last week.

Kuoni Switzerland continues to expand its portfolio in the specialist segment and acquired Dorado Latin Tours AG. The travel specialist is one of the leading operators of tours to South America and the Polar regions. There will be no change to the situation of the management and the employees of Dorado Latin Tours, who will continue to develop the company further.

Cuba expects its economic growth to slip down a gear this year to around 10 percent but remain among the strongest in the region, a senior government official said last week.

With a 140 million euros bid the low cost carrier Air Berlin acquired the German charter carrier LTU as an effort to expand its network in both the internal market of Germany and in the long-haul market. Along with the 100 percent capital stock of LTU, Air Berlin has taken over the debt of the charter carrier that reaches the 190 to 200 million euros.

GOL, Brazil’s low-cost airline, has agreed with VarigLog and Volo, the controlling shareholders of VRG Linhas Aereas S.A. (Varig), to acquire the total share capital of the air carrier.

TUI AG and First Choice Holidays have agreed to merge the tourism division of TUI AG, minus certain hotel assets, with First Choice Holidays into a new leisure travel group called TUI Travel.