• Germany forecasts tourism surge during UEFA Euro 2024
  • Modi urges toursits to spend 105 of their travel budget to purchase local goods
  • Kerala to undertake intiatives to promote the state as global meeting veue
  • Swiss cancels plans for domestic A340 this summer
  • Scandron receives DGCA logistics drone certificate
  • Air India, Tata Advanced System to invest INR 2,300cr in Karnataka
  • Plan is to bring Air India on the same level as Vistara: CEO

EaseMyTrip to acquire Gujarat’s GIFT city-based Nutana Aviation

EaseMyTrip, an online travel tech platforms, announced it will invest in and acquire* Gujarat’s GIFT city-based Nutana Aviation. The acquiree* company is in the business of offering charter solutions to clients in India and abroad. Nutana Aviation leases charter aircraft enabling operators to run efficiently along with proving charter booking services to its clients, within and outside India.

With this acquisition, EaseMyTrip will add a new segment that will ‘fast-track’ its growth. The acquisition is a strategic decision which comes in line with its continued diversification plans of developing a comprehensive travel ecosystem. Via this acquisition, the company is focused on growing inorganically and attain profits. This will ensure that the company caters and expand its footprints to the international markets. Under this transaction, EaseMyTrip will hold a majority stake in the Nutana aviation. Post investment by EaseMyTrip, Nutana Aviation will continue to run and operate as an independent entity.

Speaking on the acquisition, Nishant Pitti, CEO and Co-Founder of EaseMyTrip, said, “As an acquiring party, EaseMyTrip always tries to buy stakes in companies that have the capability to establish an exemplary operations model in the future. Nutana Aviation brings a very novel idea to realization with their services. With India’s ever-growing demand for aircraft charters in the foreseeable future, we see Nutana shaping a reliable, robust, and profitable channel. We are extremely excited to see what the future holds for Nutana Aviation as a part of the EaseMyTrip brand.”

Sanjay Mandavia, Founder of Nutana Aviation, said, ‘’It’s our great pleasure to enter into a joint venture with EaseMyTrip which is India’s one of largest travel platform. It will not only support it’s organic growth into the travel industry but also support number of opportunities related with booking charter and leasing air services immersed with technology across the globe. Our combined experience in the aviation sector would usher into a new era of aviation.’’

Read Previous

Go First celebrates 17th anniversary, offers free tickets to all 17-years old

Read Next

The Energy & Environment Alliance partners with Travers Smith to launch an ESG timeline designed for the hospitality industry

Most Popular

Download Magazine