UK low cost carrier easyJet may face a potentially hostile take over bid from the Icelandic air and travel company, the FL Group.
The Group, which owns Iceland's national carrier Icelandair, has built up a 16.2% stake in easyJet since its first acquisition in October 2004.
It is now the second largest stakeholder in the airline after the family of the founder Stelios Haji-Ioannou.
His wholly-owned EasyGroup has a 16.6% stake while his brother and sister each as a holding of just over 12%.
At the weekend, easyJet appointed Goldman Sachs, the US investment bank, in place of Credit Suisse First Boston as its main financial adviser, apparently to help it ward off any hostile bid.
Since increasing its interest in easyJet, FL has also bought, last year, Sterling Airways, Europe's fourth largest low cost carrier and this week bought a further 6% stake in Finnair, increasing its holding in that airline to around 18%.
Mr Haji-Ioannou was quoted this week as saying that he did not know if FL had done enough for a takeover bid but that he was not close to selling.
CWT installs new IT for East European agencies
Carlson Wagonlit Travel (CWT) has teamed up with IT provider Lufthansa Systems to install new software for trip analysis and processing in its agencies in five East European countries.
The new software will be trialled in Poland and then installed in agencies in Russia, the Ukraine, Hungary and the Czech Republic in 2007.
CWT said the aim was to provide all its agencies in these countries with standardised IT systems to replace the various technology sytems now in use.