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Jetset Travelworld Ltd Announces Sale Of ATS Pacific Inbound Business

Wednesday, 28 Aug 2013 07:17pm EDT 

Jetset Travelworld Ltd announced the sale of its Inbound travel business, comprising ATS Pacific Australia, ATS New Zealand and ATS Fiji, to the AOT Group Limited (AOT) for $5.2 million subject to certain conditions precedent and usual completion adjustments. Completion of the sale is expected to occur on September 30, 2013. The net general cash proceeds (excluding client funds) from sale are expected to be in the range of $3 million to $4 million. 

Company Quote

19 Dec 2014