Flight Cen­tre on ac­qui­si­tion trail

Travel Bulletin - - STATE OF THE INDUSTRY -

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”.

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