Webjet Explained

Webjet
Founded:1998
Founder:David Clarke, John Lemish, Allan Nahum
Location City:Melbourne
Location Country:Australia
Type:Public
Industry:Travel
Services:Travel Booking

Webjet is an online travel agency that allows users to book airline tickets and hotel reservations. Webjet was established by former Jetset Travel (now Helloworld Travel) executives David Clarke, Allan Nahum and John Lemish in 1998.[1] Webjet is currently owned by Webjet Group, following a demerger from Webjet Limited in September 2024.

Webjet also offers other travel-related services, such as car hire, insurance, holiday packages and flight deals, and is most commonly used in Australia and New Zealand.[2]

History

Webjet was listed on the Australian Securities Exchange in 2000 via a reverse takeover of Roper River Resources NL.[3] Roper River Resources NL became Webjet NL on 18 April 2000, and Webjet Limited on 15 June 2000. On 31 May 2001, Webjet's booking system became fully automated.[4]

In April 2010, Webjet began operating in North America through a joint venture.[5] John Guscic became Managing Director in February 2011.[6] Webjet concluded its North American joint venture in June 2017.[7]

Webjet also acquired Zuji in Australia, Hong Kong, and Singapore in March 2013.[8] [9] Zuji was sold in November 2016.[10] In September 2024, Webjet Limited demerged into Web Travel Group and Webjet Group.[11]

Notes and References

  1. Web site: Webjet announces board shake-up. 2010-08-18. The Age. 2018-03-27.
  2. Web site: Australia . Webjet . About Webjet AU . 2025-03-08 . Webjet . en-au.
  3. News: Webjet starts accepting Bitcoins for holiday packages . Tan . Su-Lin . . 4 February 2015.
  4. Web site: Webjet Redies For 100% Automation - Webjet.com.au. media.webjet.com.au. 2018-03-27.
  5. News: Former Virgin Blue exec brings online travel agency Webjet to US . Dennis . Schaal . Phocuswire . 23 April 2010.
  6. News: Webjet Ltd (ASX: WEB) . Australian Securities Exchange.
  7. Web site: Company to re-acquire rights to webjet.com domain name from joint venture partner . Travel Daily . 30 June 2017.
  8. Web site: Webjet Limited acquires Zuji in Australia, Hong Kong and Singapore - Media release - MinterEllison . Ogilvy.com.au. www.minterellison.com. 2018-03-27.
  9. News: Travelocity sells Asia-Pacific agency Zuji to Webjet for $25 million . Kevin . May . Phocuswire . 12 December 2012.
  10. News: Four years on, Webjet sells Zuji for AUS$56 million and doubles its money . Kevin . May . Phocuswire . 9 November 2016.
  11. Web site: 17 September 2024 . Shareholders approve demerger . 19 March 2025 . Webjet Group . en.