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

2 Dec 2022 , 09:16 AM

EaseMyTrip, India’s one of the largest online travel tech platforms, has 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”, the company said.

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.”

On Friday early morning trade, Easy Trip Planners was trading at Rs66.20 per share lower by 0.68% on the BSE.

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