Media Release
Webjet Enters Major Trading And Strategic Relationship With The AOT group
1st October 2004
Webjet today announced a major trading and strategic relationship with the AOT Group which is an Australian market leading inbound and destination management company operating TravelPoint, Australian Outback Travel, New South Wales Holidays, travelmate.com.au, and the last minute hotel internet site needitnow.com.au, along with other special interest tour operations.
Commenting, Webjet's Managing Director David Clarke said:
The key components of our association are:
- Webjet will source special online Australian and New Zealand hotel and sightseeing inventory as a key element of the extension of our product range and forthcoming automatic online packaging
- Webjet will provide the AOT Group with online air ticketing facilities through its Travel Services Aggregator
- Cementing the strategic and trading relationship, Webjet will issue the AOT Group with five million ordinary shares at 4.7c per share for a cash consideration of $235,000
AOT Group CEO, Andrew Burnes, commented:
"We are delighted to have entered into this association with Webjet which we believe will materially enhance our customer service capability in the area of air ticketing and provide us with a rapidly growing and leading edge, additional consumer distribution channel".
Webjet's Managing Director David Clarke said:
"We consider the AOT Group to be one of Australia's most innovative destination managers where its land product expertise will add a special depth to our customers' choice and become increasingly significant as we expand into broader value added products through the TSA."