Qantas buys TripADeal stake

Qantas has acquired a majority shareholding in the Australian-made travel business, TripADeal. The stake allows Qantas Loyalty to immediately expand its exposure to the estimated $13 billion online packaged holiday booking market. Qantas joins existing shareholders, the founders of TripADeal and private equity firm BGH Capital, which bought a stake in 2020. The full terms of the all-cash purchase are commercial in confidence. The agreement provides a mechanism for Qantas to acquire the remaining 49 per cent of TripADeal in four years at an agreed multiple of TripADeal’s bookings at the time. “This is a great opportunity at the perfect time.