Musafir Holdings has agreed to acquire the remaining 75% of FLYCT MEA Holdings, the company behind the Cleartrip.ae and Flyin.com online travel platforms in the Middle East.
Musafir currently owns a 25% stake in FLYCT and will acquire the remaining shares from the company’s founding management team, subject to customary regulatory approvals.
The acquisition will bring FLYCT’s consumer air-booking platforms and customer base into Musafir’s broader travel portfolio, which includes visa services, holiday packages, corporate travel and B2B agency solutions.
The transaction is expected to create a more integrated regional travel business, combining consumer flight bookings with a wider range of travel products and services.
“This acquisition reflects our confidence in the region’s long-term growth and our commitment to continuing to invest in the Middle East,” said Shaikh Mohammed Abdulla Mohammed Al-Thani, Co-Founder and Chairman of Musafir Holdings.
Sachin Gadoya, Co-Founder and CEO of Musafir Holdings, said Cleartrip.ae and Flyin.com were a “natural fit” for the group and would give customers greater choice across its travel offering.
FLYCT Founder and Chairman Stuart Crighton said Musafir’s broader travel proposition and regional presence would support the next phase of growth for the two platforms.
