Today, Aero Travel Pty Ltd was purchased and 100% of its shares transferred to Estravel Limited, a leading travel agency in Estonia and the Baltc States.
Estravel is a full service, quality travel agency, accredited by IATA in Estonia, Latvia and Lithuania, and representing Amercian Express GBT in the same countries. From 1995 to 2015, Estravel was majority owned by the Finnair Group. Estravel's annual sales is $120 million and it employs 170 staff. The company has been trading since 1988.
Aero Travel is soon to be rebranded aerotravel and the agency's new logo was released today, in line with the parent company's visual branding (see below).
"Estravel was a natural choice for aerotravel, and vice versa", said Aivo Takis, founder of Aero Travel Pty Ltd. "Almost half of our customers in Australia are ethnic Estonians and Finns. Combining the best prices and supplier choices of the local European markets with our own great product selection as a Magellan Group member, we are now able to expand our Australian offering by almost 50%."
Estravel and aerotravel remain separate legal entities with their own IATA appointments in respective countries. Aerotravel's operations in Sydney are headed by Aet Madison, director and GM, who has been with the company since 2012. "This is exciting news for us all", said Madison. "A wealth of new expertise is now at our fingertips, and the additional in-house possibilities include cross-border sourcing and offshore ticketing. This will definitely give us a competitive edge", she added.
|AERO TRAVEL ACQUIRED BY ESTRAVEL Today (07.03.2016), Aero Travel Pty Ltd was purchased and 100% of its shares transferred to Estravel Limited, a leading travel agency in Estonia and the Baltic States.|