Cheapflights appoints StellantPartners to advise on strategic options for non-core websites

11-May-2006

Cheapflights Ltd., the UK’s leading travel price search and comparison site, has appointed StellantPartners GmbH (the specialist travel Mergers & Acquisitions and consultancy group) to advise the Company on strategic options for the Company’s non-core business URLs www.cheapaccommodation.com; www.cheapholidaydeals.co.uk and www.cheapshortbreaks.co.uk.

Now into its tenth successful and profitable year, Cheapflights Ltd. wishes to focus on its core flights business in the UK (www.cheapflights.co.uk) and its USA flights site (www.cheapflights.com) where it continues to gain market share. It has also indicated that it is planning to enter continental Europe.

Commenting David Soskin CEO of Cheapflights.co.uk said: "Internet flight price search and comparison is our core business and one which Cheapflights pioneered ten years ago. Our business model has been very successful not only here but also, in a relatively short time frame, in the USA. We believe that we have opportunities to replicate this success in other countries. We have therefore asked StellantPartners to advise us on strategic options for our successful global accommodation and UK holiday and short-break sites in order that we can focus on new core business opportunities in flights."

Jo Allen, Partner at StellantPartners added: "We are excited to be working with Cheapflights, which has established a strong position in the hyper-growth online travel comparison shopping industry. The hotel, holiday package and short break sites currently generate excellent traffic and all three sites demonstrate significant potential in these fast growing markets.”