BravoflyRumboGroup Acquires Travel Meta-Search Site Jetcost

Bravofly Rumbo Group, a leading European provider in the online travel industry, has today announced the successful completion of the acquisition of French meta-search site The company will continue to operate as an independent brand within the Bravofly Rumbo Group, capitalizing on the synergy realised by the purchase. On Ukrainian and Russian markets the Group works with Bravoavia brand name as a co-project of BravoflyRumboGroup and TA Ventures fund.

Jetcost is a travel price comparison site for flights, car rentals and hotels and provides the best available deals and prices. As a meta-search site, Jetcost searches and compares more than 250 airlines, hotel booking sites and Online Travel Agencies (OTAs), one of them being Bravofly Rumbo Group. It helps customers find the best offers and sends them to other websites to complete their booking.

Jetcost's core market is France where it attracts approximately 2.5 million unique users per month. The company is well-positioned in Italy and Spain with 1 million unique users per month and operates in other countries such as Germany and Brazil.

Jetcost's acquisition will alllow Bravofly Rumbo Group to take advantage of new development opportunities, leveraging on the respective know-how of the two businesses. Jetcost joins the Group a year after the acquisition of Rumbo, the leading OTA in Spain, that has contributed to the company's sustained growth in 2013.

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