EaseMyTrip buys 49% stake in Big Charter, enters aviation market
In a significant move, EaseMyTrip, a leading online travel agency, has acquired a 49% stake in Big Charter Pvt Ltd, marking its entry into the aviation market. This strategic acquisition will enable EaseMyTrip to expand its travel services, focusing on providing flexible air travel solutions to corporate clients and Tier-2 cities.
The deal, which has received board approval, positions EaseMyTrip in the high-margin non-scheduled aviation segment, which is witnessing rising demand for premium travel. The acquisition is expected to significantly enhance EaseMyTrip’s offerings, allowing the company to cater to the growing demand for customized air travel solutions.
Big Charter Pvt Ltd, a private charter airline, operates a fleet of luxurious aircraft, offering customized travel solutions to corporate clients, high-net-worth individuals, and celebrities. The company’s expertise in providing bespoke air travel experiences will complement EaseMyTrip’s existing travel services, enabling the company to offer a comprehensive range of travel solutions to its customers.
EaseMyTrip’s entry into the aviation market is a strategic move to diversify its revenue streams and expand its customer base. The company has been focusing on providing innovative travel solutions to its customers, and this acquisition will enable it to offer a wider range of services, including customized air travel experiences.
The aviation industry has been witnessing significant growth in recent years, driven by increasing demand for air travel and the rise of the middle class. The non-scheduled aviation segment, in particular, has been growing rapidly, driven by the increasing demand for premium travel experiences.
The acquisition of Big Charter Pvt Ltd is expected to bring significant benefits to EaseMyTrip, including access to new markets, increased revenue streams, and the opportunity to expand its customer base. The deal will also enable EaseMyTrip to leverage Big Charter’s expertise in providing customized air travel solutions, allowing the company to offer a wider range of services to its customers.
EaseMyTrip’s CEO, Nishant Pitti, said in a statement, “We are thrilled to announce our partnership with Big Charter Pvt Ltd. This acquisition is a significant milestone in our journey to become a leading player in the Indian travel industry. We believe that our partnership will enable us to offer innovative travel solutions to our customers, and we are excited about the opportunities that this partnership presents.”
The acquisition is expected to be completed in the next few months, subject to regulatory approvals. EaseMyTrip has already started working with Big Charter Pvt Ltd to integrate its operations and develop a comprehensive strategy for the aviation segment.
In conclusion, EaseMyTrip’s acquisition of a 49% stake in Big Charter Pvt Ltd marks a significant milestone in the company’s journey to become a leading player in the Indian travel industry. The deal positions EaseMyTrip in the high-margin non-scheduled aviation segment, enabling the company to offer customized air travel solutions to its customers. The acquisition is expected to bring significant benefits to EaseMyTrip, including access to new markets, increased revenue streams, and the opportunity to expand its customer base.
News Source: https://ascendants.in/business-stories/easemytrip-big-charter-aviation-acquisition/
