MandatesBrief
Musafir Holdings to acquire full ownership of Cleartrip.ae and Flyin.com operator
The UAE travel group will buy the remaining 75 per cent stake in FLYCT MEA Holdings from founding management, subject to regulatory approval.
Musafir Holdings signed an agreement to acquire the remaining 75 per cent stake in FLYCT MEA Holdings, the operator of Cleartrip.ae and Flyin.com travel platforms in the Middle East. The UAE-based travel group currently holds a 25 per cent stake in FLYCT and will acquire the balance from the founding management team, subject to customary regulatory approvals. The transaction was announced on 17 September 2026.
Transaction structure and existing stake#
Musafir Holdings has held a 25 per cent stake in FLYCT MEA Holdings prior to this agreement. The acquisition of the remaining 75 per cent will give Musafir full ownership of the entity that operates both Cleartrip.ae and Flyin.com. The deal requires regulatory approvals before completion. No financial terms were disclosed in the announcement.
Platform operations and service scope#
FLYCT MEA Holdings operates Cleartrip.ae and Flyin.com as consumer air-booking platforms serving the Middle East region. Musafir Holdings operates visa services, holiday packages, corporate travel and B2B agency solutions. The two companies stated the transaction brings together FLYCT's consumer air-booking platforms and regional customer base with Musafir's travel services.
Management statements on the transaction#
Shaikh Mohammed Abdulla Mohammed Al-Thani, co-founder and chairman of Musafir Holdings, was quoted stating that FLYCT operates two consumer platforms. Sachin Gadoya, co-founder and CEO of Musafir Holdings, said the acquisition would provide customers with more choice and a fuller range of products. Stuart Crighton, founder and chairman of FLYCT, said Musafir's regional presence would bring benefits to customers.
Combined operations following completion#
Following completion, the combined entity will operate FLYCT's air-booking platforms alongside Musafir's existing visa, holiday package, corporate travel and B2B agency services. The two companies stated the transaction would bring together FLYCT's consumer platforms and customer base with Musafir's travel proposition. The completion date was not specified in the announcement.
Sources1 source across 1 domain
- khaleejtimes.comKhaleej TimesMusafir Holdings signed agreement to acquire remaining 75 per cent stake in FLYCT MEA Holdings, operator of Cleartrip.ae and Flyin.com, from founding management, subject to regulatory approval, announced 17 September 2026
Each source above carries the claim it supports. Links open the publisher's own page; their text is not reproduced here beyond what the claim requires, and their rights remain theirs.
Investor Arabia is published by Arabian Media Network. Pieces are produced by the Mandates Desk with AI-assisted synthesis of the cited sources and automated verification against the network's editorial policy. Every piece carries a desk rather than a reporter. Corrections are recorded on the piece and on the corrections page.