UK holiday company Airtours is to buy US internet travel distributor Travel Services International (TSI), picking up two million customers in the process.
The deal will enable the UK operator to establish itself in the worldwide ecommerce arena.
TSI specialises in cruise holidays, car rental and hotel bookings in the US. Airtours, which provides holidays for more than 10 million people a year, operates online in the UK through directholidays.com. Currently only three per cent of the operator's customers book holidays through this website.
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And becomes the team's executive chairman to boot