Advising FLYCT majority shareholders on sale of 75% stake to Musafir

Collyer Law advised the majority shareholders of FLYCT MEA on the sale of their 75% stake to Musafir, giving Musafir full ownership of FLYCT, the operator of Cleartrip.ae and Flyin.com.

Musafir, a regional travel group, previously held a 25% stake in FLYCT. The acquisition moves Musafir to full ownership and consolidates its position in the region’s online travel market.

Acting on the sell side, our role covered advising the majority shareholders, negotiating the share purchase agreement and taking the transaction from signing to closing.