18 Jan 2022 , 10:22 AM
EaseMyTrip, India’s second-largest online travel platform has announced an exclusive partnership with Flybig, India’s newest regional airline. Under this partnership, EaseMyTrip will sell Flybig’s airline tickets. The partnership marks the first time that a Scheduled Commuter Airline (SCA) is exclusively partnering with an online travel platform, for flight bookings, making EaseMyTrip India’s first-ever online travel company become a general sales agent (GSA) for a domestic airline.
“Air travel is witnessing a major boom across Tier 2 and 3 cities, and we are delighted to partner with Flybig during such a critical juncture for the industry. Our unique range of services across the travel segment along with Flybig’s air connectivity across remote destinations will add immense value for both brands. Through this partnership, we aim to bring more destinations within the reach of our growing customer base, and we will be providing a hassle-free booking experience and the best-in-class services, for Flybig customers. We are excited about the opportunities that this opens up and we look forward to scaling greater heights in the segment with this partnership,” said Nishant Pitti, CEO & Co-Founder, EaseMyTrip.
Flybig believes that online platforms like EaseMyTrip have control over 50% market share in the air segment, and the company is proud to be associated with EaseMyTrip. This could be seen as the best opportunity for the company to cut its cost, increase profitability, and hike revenue. The two altogether will redefine the experience for travelers. With this partnership, the company will explore new growth avenues, and widen its network and flights options to allow customers to experience best-in-class service.
EaseMyTrip is one of the very few e-commerce platforms in the world that bootstrapped itself to the IPO. In the last 13 years of its existence, it has never raised capital from any external sources and has grown market-share via internal accruals and profits. The company, which has been profitable since inception, provides its customers with the options of zero convenience fees* and full refunds*.
EaseMyTrip’s share opened at Rs 585 against its previous closing price of Rs 578, up by Rs 7. It touched an intraday high and low of Rs 587.45 and Rs 578 respectively so far in the day.
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