Ex­pe­dia pur­chase

Travel Daily - - News -

EX­PE­DIA Group has an­nounced the pur­chase of the re­main­ing 25% eq­uity in­ter­est in AirAsia’s AAE Travel, the joint ven­ture formed by the two firms in 2011.

Pres­i­dent and chief ex­ec­u­tive of­fi­cer of Ex­pe­dia Group, Mark Ok­er­strom said, “This trans­ac­tion un­locks bet­ter in­te­gra­tion of our Brand Ex­pe­dia Asia busi­ness into our core global travel plat­form, giv­ing us even greater con­fi­dence in our abil­ity to har­ness the huge growth po­ten­tial that Asia rep­re­sents”.

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