News

Ebookers to buy parent company in £10 million deal

Report by John Lavabre

EBOOKERS.COM, the on-line travel company, is set to buy its
parent, Flightbookers, for £10 million.

Ebookers chairman and chief executive Dinesh Dhamija said
the acquisition will improve customer service by giving it more control over
the products it sells.

Dhamija, who is also chairman and managing director of
Flightbookers, will remain with the merged company and said he did not expect
there to be any redundancies. The Flightbookers name will remain.

Along with his wife, Dhamija, has a 55% stake in
ebookers.com. Although he is the controlling shareholder, the deal is to go
before ebookers other shareholders for approval.

 

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