Expedia Takes Majority Stake in AirAsia Joint Venture for $86 Million

Skift Take

Expedia continues on its rollup strategy by bringing its AirAsia joint venture officially into the Expedia fold.

Expedia Inc. wasn't finished acquiring companies after its pending and completed purchases of Orbitz Worldwide, Travelocity, and Wotif in recent months: Expedia announced today it will take an additional 25 percent stake in its joint venture with AirAsia and will wield 75 percent control.

Expedia will put an additional $86.3 million into the joint venture, AAE Travel Pte. Ltd., which previously was a 50-50 distribution partnership in Asia between Expedia and AirAsia.

They launched the joint venture in 2011 and now operate Expedia-branded travel websites in Singapore, Malaysia, Korea, Japan, India, Hong Kong, Taiwan, Vietnam, and Philippines as well as AirAsiaGo.com.

The investment, which is expected to close before June 30, means that the performance of AAE Travel will be reported in Expedia's financial results.

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Expedia Takes Majority Stake in AirAsia Joint Venture for $86 Million

Skift Take

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First read is on us.
Subscribe to read more essential travel industry news.

First read is on us.

Expedia Takes Majority Stake in AirAsia Joint Venture for $86 Million

Skift Take

Up Next

How Data Quality Issues Impact Global Hospitality Operations

Amazon Alexa’s AI Upgrade: Book Uber Rides and Plan Travel

Hotel Loyalty Race: Marriott Leads, Hilton Is Gaining Fast — See the Top 13 Programs

Airline Industry Reports 'Significant Increase' in Fatal Accidents

Flywire Acquires Sertifi for $330 Million to Expand Payment Services for Hotels

First read is on us.Subscribe to read more essential travel industry news.

First read is on us.
Subscribe to read more essential travel industry news.