Qantas Airways → TripADeal, remaining 49% stake
completedDeal announced2024-06-12
BuyerQantas Airways
SellerTripADeal, remaining 49% stake
SectorOnline Travel
ValueA$211.0M
Deal typeM&A
Qantas agreed to buy the remaining 49% of online holiday deals business TripADeal (having acquired a majority stake in 2022) for A$211 million (~US$140.6m), completing end of June 2024, taking it to 100% ownership.
Why the buyer wanted it
Qantas wanted full control of TripADeal to deepen synergies between the Qantas/Jetstar airline network and the growing curated tour/holiday-package market, targeting at least A$50m in annual cost and revenue synergies.
Why the seller agreed
TripADeal's remaining owners exited fully after Qantas had already taken majority control two years earlier.
Stock reaction
Not specifically detailed in available coverage.
Deal mechanics
Deal structure
Cash acquisition of remaining 49% stake