TORONTO — Airline consolidator Huntington Travel has been acquired by Huntington Travel Holding, a Toronto-based travel investment group.
In business since 1973, Huntington Travel together with its other businesses was acquired by Europe-based Etraveli Group in August 2019.
Kiran Budhdev, CEO of Huntington Travel, says Etraveli has made a corporate decision to divest Huntington.
The result is that Huntington Travel, Escapades by Huntington and Huntington Travel USA have been acquired from Etraveli Group AB by investment syndicate Huntington Travel Holding (HTH).
Budhdev says HTH plans to spend the coming months ensuring business as usual at Huntington Travel and its subsidiaries. Budhdeo will continue to lead the company and its subsidiaries in the interim.
He says Huntington prides itself on the service it provides agents from their dedicated and experienced team, and says he’s excited that the new owners acknowledge the Huntington brand value and the service model provided by the existing Huntington team.
“Travel agency and airline partners will continue to enjoy the excellent relationships they have experienced with Huntington over the last 48 years,” says Budhdev.
Meanwhile travel industry executive Ravi Kumar has joined the Huntington team as COO. Kumar brings extensive experience in air consolidation with successful long tenures at major consolidators and TMCs in Canada, says Budhdev.
“The company was looking to divest its consolidator business Huntington Travel along with the subsidiaries and found a good home. We are pleased that Huntington will continue to service its clients and supplier partners with the high standards the Huntington brand is known for,” says Mathias Hedlund, CEO of Etraveli Group.
Says Kumar: “Covid-19 has affected every business in travel, however Huntington has been recognized for its great service to its customers and partners during these difficult times. At Huntington, we believe in being a long-term valuable partner to the travel industry community.”