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EaseMyTrip to enter aviation with Big Charter acquisition
Indian online travel aggregator EaseMyTrip plans to acquire a 49% stake in Big Charter Private Limited, marking its entry into the charter aviation sector.
The company announced in an exchange filing that it has received in-principle approval from its board for the acquisition, pending final approval from both the board and shareholders.
The acquisition expands EaseMyTrip’s premium air travel services and boosts its presence in Tier-II and Tier-III cities, where Big Charter operates.
Recent acquisitions include a 49% stake in Planet Education Australia and a 30% stake in wellness brand The Wellness Company, but the company reported a 26% drop in profit and a 6% revenue decline in Q3 FY25.
Recent EaseMyTrip developments
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17-Feb-2025 📉 EaseMyTrip shares drop to 52-week low after Q3 results
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02-Jan-2025 📉 EaseMyTrip CEO Nishant Pitti steps down amid stake sales
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02-Jan-2025 ✈️ EaseMyTrip co-founder sells 1.41% stake
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09-Dec-2024 💼 EaseMyTrip to raise $27.6m through preference shares
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22-Dec-2023 🌍 EaseMyTrip acquires 13% stake in Eco Hotels, aims for carbon neutrality
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