Musafir Unlocks Bigger Travel Growth Opportunity With FLYCT MEA Acquisition in Middle East

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Musafir Holdings, an investment company in the travel sector, has announced the acquisition of FLYCT MEA Holdings, the company behind Cleartrip.ae and Flyin.com. Musafir currently owns 25% of FLYCT, and will acquire the rest from the company’s management team. This acquisition will give Musafir full control of the business. This will be finalized upon the receipt of regulatory approvals.

The planned acquisition highlights Musafir Holdings’ continued confidence in the growth potential of the regional travel market and reflects its long-term strategy of investing in the sector despite changing market conditions.

The two companies are considered strategically aligned, combining complementary strengths across the travel ecosystem. FLYCT contributes established online air-booking platforms and a strong regional customer base, while Musafir offers a wider portfolio of travel services, including visa solutions, holiday packages, corporate travel management and B2B agency services.

Following completion of the transaction, the combined business is expected to create a more integrated regional travel platform, allowing customers to access a broader selection of travel products and services through a single, expanded ecosystem.

Shaikh Mohammed Abdulla Mohammed Al-Thani, Co-Founder & Chairman of Musafir Holdings, said: “The Middle East is one of the most dynamic travel markets in the world, and we have real conviction in its long-term growth. This acquisition reflects that confidence and our commitment to continuing to invest in the region. FLYCT has built two outstanding consumer platforms and bringing them into the group will help build a stronger, more complete regional travel business that better serves customers.”

Sachin Gadoya, Co-Founder & Chief Executive Officer of Musafir Holdings, added: “Cleartrip.ae and Flyin.com are a natural fit for Musafir. For customers, this means more choice, a fuller range of products and a better experience. We look forward to welcoming the FLYCT team and strengthening the customer offering.”

Stuart Crighton, Founder & Chairman of FLYCT, said: “Cleartrip.ae and Flyin.com have grown into leading air-booking platforms for customers across the region, and I’m immensely proud of what the team has built. Musafir is the right partner to take the business forward; its broader travel proposition and strong regional presence will bring real benefits to our customers and strengthen the platform.”