EaseMyTrip Ventures into Charter Aviation with Major Stake Acquisition in Big Charter

EaseMyTrip.com gains in-principle Board approval to acquire a 49% stake in Big Charter Pvt Ltd, signaling its entry into the booming charter aviation market. This acquisition aligns with the company's strategy to expand premium travel services and accessibility, leveraging Big Charter's regional presence and NSOP expertise.

EaseMyTrip.com, a leading online travel platform in India, announced its in-principle Board approval to acquire a 49% stake in Big Charter Pvt Ltd, a key player in India's charter aviation industry. This strategic move signifies EaseMyTrip's entry into the growing charter and non-scheduled aviation market, allowing it to offer personalized, premium air travel options to a broader audience.

The Indian charter aviation sector is currently valued at around USD 650.5 million, with projections estimating growth to USD 1.14 billion by 2033. This surge is driven by rising demand for regional connectivity, corporate travel, and private flying. Globally, the industry is set to exceed a market value of USD 33 billion by 2033, as increasing disposable incomes and a preference for privacy in travel boost its appeal.

The proposed acquisition enhances EaseMyTrip's position as a comprehensive travel provider, enabling it to tap into lucrative segments such as charter services and Non-Scheduled Operator Permit (NSOP) operations. As corporate entities, high-net-worth individuals, and event travelers increasingly favor charter flights for convenience, EaseMyTrip is well-equipped to address this demand, using its advanced technology to streamline Big Charter's operations and elevate customer experience.

The acquisition also aligns with EaseMyTrip's mission to make travel more accessible, especially in Tier-2 and Tier-3 cities where Big Charter is well-established. This will expand EaseMyTrip's presence in remote areas, improving access to premium air travel across India. Big Charter has cemented its leadership in regional connectivity and NSOP operations, serving diverse clients nationwide.

In fiscal year 2023-24, Big Charter reported revenue of INR 128.75 crore (approximately USD 15.5 million), with significant growth prospects as demand for regional and charter services rises. EaseMyTrip and Big Charter plan to capitalize on these opportunities, enhancing service delivery to meet the evolving needs of Indian aviation. Nishant Pitti, Chairman of EaseMyTrip, hailed the acquisition as a vital step towards democratizing charter air travel across India, leveraging their combined technology and expertise.

Sanjay Mandavia, Director of Big Charter Pvt Ltd, reiterated the transformational impact of partnering with EaseMyTrip, highlighting the potential for growth, expanded reach, and improved service efficiency. This strategic acquisition positions EaseMyTrip as a significant player in the charter aviation sector, poised for long-term growth and contributing to the wider development of the industry in India.

(With inputs from agencies.)