Flying Kangaroo to pay $211 million to expand its presence in the packaged holiday market.
Qantas has just announced it will acquire the remaining 49% stake in packaged holiday giant, TripADeal, in a move which will allow it to deepen the Qantas and Jetstar networks with the growing curated tour market.
Following the purchase, TripADeal will operate as a standalone business and will continue to work with a range of travel partners and airlines, with packages to still include airfares from outside the Qantas Group.
The move will also boost access to packaged holidays for millions of Qantas Frequent Flyer members, building on the stake purchased by the carrier in 2022.
Qantas says it expects cost and revenue synergies following the acquisition to build to at least $50 million per year over time.
The transaction is expected to be completed by the end of this month.
More details in today’s issue of Travel Daily.