Friday, November 03, 2006
Webjet want in
Well known that Webjet have a lot of money in the bank from their cash flow positive activities but especially the option buy by s8. Now they tell us they want to spend it on buying somebody. They want in on more that just the organic growth market. Best idea for them - buy a hotel player. Webjet need to have in-house inventory and functionality for cross selling their flights volume. White-label deals with HotelClub will not be enough. Spending some of their cash on a good acquisition would also help sure up the balance sheet to fight off a raider.