Travel

Indian airport developer GMR Infrastructure has put up for sale its stake in Istanbul airport Sabiha Gokcen International Airport. Malaysia Airports Holdings, which already owns a 20% stake in the Turkish airport, is looking to buy GMR's 40% holding.

Ford chairman Bill Ford, Jr. invested in San Francisco-based startup QuickPay through his venture firm Fontinalis Partners to help improve on-street and off-street parking experience.

India-based firm GMR Infrastructure Ltd said exit deal of its 40% interest in Istanbul's Sabiha Gokcen airport was still in progress, after a local paper reported it had already closed the deal for €220 million ($302.58 million).

American International Group is said to be negotiating the sale of International Lease Finance Corp. to Netherlands-based independent aircraft lessor AerCap Holdings NV. In December 2012, AIG agreed to sell as much as 90% stake in ILFC to a Chinese consortium for $4.7 billion.

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Switzerland's Dufry is reportedly purchasing the remaining 49% stake in Greek travel retailer Hellenic Duty Free for €328 million. Dufry bought a controlling stake in HDF for €200.5 million last year.

GMR Infrastructure Ltd. has began the process for the $300-$350 million initial public offering it is planing for its airport business. It has reportedly tapped Citigroup, JPMorgan, Axis Capital and Infrastructure Development Finance Company to manage the listing.

New Zealand-based tertiary textbook firm Bennetts Group has bought the assets of travel and accommodation guide publisher Jasons Travel Media in a deal with undisclosed financial details.

Mumbai-based startup Birds Eye Systems raised an undisclosed sum in a Series A round from Matrix Partners India for the expansion of its traffic monitoring brand Traffline.

State-owned China Southern airline has held detailed discussions last year with a consortium of wealthy investors to provide financial backing for the syndicate's stake in Qantas.

Private equity-backed CVC Brasil Operadora e Agencia de Viagens priced its shares at BRL 16 apiece for its IPO today, below its indicated price range of BRL 18 to BRL 22.

HomeAway, a Texas-based online marketplace for vacation rentals bought Stayz Group, the publisher of Stayz.com.au from Fairfax Digital in an all-cash deal worth USD 198 million.

Private equity firm Mayfield Fund confirmed its USD6 million participation in robotics and commercial drone maker 3D Robotics' USD30 million funding round back in September.

Ireland's Ryanair on Tuesday announced that it won't participate in Italian airline Alitalia's EUR300 million emergency cash call. Other carriers including Lufthansa, Etihad Airways, Aeroflot and Alitalia shareholder Air France-KLM have also turned down the deal.

A new GBP10 billion privatization program will see Britain's 40% stake in cross-channel rail operator Eurostar sold off to help pay down UK's debts.