Flight Centre on acquisition trail
It’s been a busy couple of months for Flight Centre, which has announced the purchase of a 70% stake in Australian online travel agency Byojet. The move will see the OTA switch from its former affiliation with Helloworld, and vindicates the innovative approach taken by Byojet founder and ceo Lenny Padowitz who has also pioneered the company’s JETMAX white label booking engine. Flight Centre ceo Graham Turner said Byojet was a profitable business, “with a lowcost model to deliver cheaper airfares to the public… more than many of its OTA rivals”. In December Flight Centre also purchased Us-based youth travel specialist Student Universe, with Turner saying the moves reflect the company’s strategy to “grow more aggressively in some sectors of the market that haven’t previously been priorities”.