Despite opposition from union groups, Alitalia’s board of directors voted in favor of permitting Air France-KLM to buy the carrier over rival Air One, a group favored by some lawmakers.

Carnival Corp. & plc reported profits for its fourth-quarter of $358 million, or 44 cents diluted earnings per share, compared to net income of $416 million, or 51 cents per share, for the same period last year. Revenues for the fourth quarter increased to $3.1 billion from $2.8 billion.

As part of its real estate management strategy, Accor signed a memorandum of understanding to sell 47 hotels in France and 10 in Switzerland to a real estate consortium including Caisse des Dépôts et Consignations and two investment funds managed by AXA Real Estate Investment Managers (European Hotel Venture & Alternative Property Income Venture).

Kuoni is entering the German market by acquiring a 100 percent stake in Conference & Touring GmbH, based in Berlin, with effect from the beginning of 2008. Conference & Touring GmbH is one of Germany’s leading destination management agencies.

On behalf of its client, Club Med, Jones Lang LaSalle Hotels announced the sale of the Club Med Villas Arqueologicas to a private Mexican investor in partnership with Islander Collection, a Mexico-based hospitality group.

Embraer and Flight Options, one of the largest private jet service companies in the world, based in Cleveland, Ohio, signed a contract for the acquisition of 100 Phenom 300 aircraft, with options for an additional 50 aircraft of the same model.