Free Subscription

  • Access 15 free news articles each month


Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • Exclusive Masterclass access. Part of Retail Week 2021

Helloworld complete AOT merger

helloworld600Travel company, Helloworld, have today completed the merger with travel services provider, AOT thus creating a single company.

AOT is a privately-owned travel services provider with operations in Australia and overseas, operating inbound, government and wholesale sectors of the travel industry.

In FY15, AOT generated $55.8 million in revenue and underlying EBITDA of $14.3 million.

“The merger is an exciting opportunity to integrate two complementary businesses to create the second largest integrated travel distribution business in the Australian and New Zealand Markets,” said incoming CEO Andrew Burnes. “I have a fundamental belief in the future of these two businesses, including our franchisee and buying group networks, our wholesale and inbound operations and our corporate TMC business.”

Concurrent with the merger, a number of board and management changes will occur. Andrew Burnes will assume the role of CEO and MD of the company and receive renumeration of $475,000 per annum. Cinzia Burnes takes up the appointment as executive director of the company and group MD of AOT’s exisitng inbound, wholesale and accommodation broking businesses, also receiving $475,000 per annum.

The company said the search to appoint a new chairman and independent non-executive director was ‘well advanced.’

Want more Inside Retail? Subscribe to Inside Retail Weekly now and get our premium print publication delivered to your door every week.

You have 7 free articles.

Masterclasses are for professionals only

Only $5 p/m for first 3 months
Become a Professional Already a professional? Login
  • Daily exclusive Members Only content straight to your inbox
  • Access to exclusive Retail Week events including all 4 Masterclasses 28 February - 3 March
  • Retail insights and intelligence
  • On-demand videos with industry professionals
  • Weekly careers advice specific to retailers
  • Independent research reports and forecasts
  • Q&A with industry experts
  • Content, content, content! Weekly and quarterly magazines