Webjet (WEB) announced plans and agreements to expand operations into Asia. This follows the commencement of operations in North America which commenced on schedule and successfully in April.
Commenting, Webjet Managing Director David Clarke said: Following nearly a year of research we are delighted to announce that we have entered into a 50% joint venture with Westminster Travel which is one of the region’s most respected and leading travel organisations. It is a company with very high service standards. In our view, Asia represents a significant international growth region. Operations under the Webjet brand, and utilising Webjet’s world leading technology, will commence later this year initially in Hong Kong and Singapore. Westminster Travel, with its vast experience in the region, will provide local management and multilingual customer service facilities and as a result will provide substantial economy of scale during the initial stages of development along with a deep understanding of the local markets and opportunities.
Webjet expects to be able to add significant value from Asia to its airline associations and in common with Webjet in North America, bring together transpac traffic volumes. Initial operations will focus on leisure and SME business in flights, and hotels through Stay n Pay.
Westminster Travel, a company listed on the Singapore Exchange, is a Hong Kong based leading travel agency offering a wide spectrum of services for corporate travel, leisure travel and wholesale travel products. It has operations in Hong Kong, Macau, Singapore, Taiwan and mainland China.
