6 June 2002
ONLINE TRAVEL CORPORATION PLC ACQUIRES ONLINETRAVEL.COM,
AND ANNOUNCES NEW AIRLINE CONTRACTS
Online Travel Corporation plc ('OTC'), the travel technology and distribution
group, announced today that it has acquired the website Onlinetravel.com from
US based World Travel Partners for an undisclosed amount.
Mark Jones, CEO of OTC, commented: 'We are usually described as Online Travel
in the sector and as our reputation grows, it is important for us to have the
onlinetravel.com web address as an umbrella brand and reference point.'
OTC also announced a new contract to provide fledgling airline BMI Baby with
fulfillment in Ireland and hotel and villa products in the UK and new Preferred
Agent Status with British Airways, one of only four online businesses and one
of some twenty businesses to achieve this in the UK.
Jones commented 'It is reassuring that a large established airline such as
British Airways and an emerging airline like BMI Baby both recognise the
quality of the products and services we provide.'
For further information contact:
Online Travel Corporation Plc
Mark Jones, CEO Tel: 00 44 (0) 20 8607 9281
Noble & Company Limited
Alasdair Robinson Tel: 00 44 (0) 131 225 9677
Durlacher Limited
Matthew Robinson Tel: 00 44 (0) 20 7459 3600
Cardew & Co.
Richard Fallowfield Tel: 00 44 (0) 20 7930 0777
Notes for Editors
Online Travel Corporation, plc
OTC is a travel technology and distribution business, providing a comprehensive
range of technological solutions, travel products and ancillary travel services
to ISP's, Media and Affinity Groups and Corporate Organisations. It provides
bespoke technology solutions linked to its wide product range to produce a
one-stop travel service through the Internet, supported by telephone call
centres for leisure and corporate clients to fulfil their travel needs. OTC
provides a comprehensive range of travel products and ancillary travel services
is both a travel agent and tour operator. OTC strategy focuses on low-cost
routes to market with lower customer acquisition costs compared to that of a
mass-market consumer brand and is focused on selected business areas. OTC has
launched over 100 travel sites in the last 18 months and via these partner
sites has access to a potential customer base to over 16 million online users.
OTC is quoted on the Alternative Investment Market of the London Stock
Exchange. Additional information is available at
www.onlinetravelcorporation.com
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