aviation: Qantas acquires remaining shares in TripADeal for AUD 211 million

, aviation: Qantas acquires remaining shares in TripADeal for AUD 211 million

Qantas has announced that it will acquire the remaining 49 percent of shares in online travel provider TripADeal for AUD 211 million, equivalent to approximately EUR 130 million. This acquisition will enable the Australian airline to capitalize on the continued high demand for holiday bookings.

TripADeal is Australia’s first online travel booking launch and has experienced strong growth since its launch in 2011. The acquisition of the remaining shares will enable Qantas to further expand its presence in the online travel market and leverage synergies between air travel and holiday bookings.

Qantas’ decision to increase its stake in TripADeal follows a period of increased partnership and cooperation between the two companies. TripADeal will continue to operate independently but will work closely with Qantas to expand its range of holiday packages and travel services. The transaction is subject to approval by competition authorities and is expected to be completed in the next few months.

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