Huseyin Ozyurtcu, president and CEO of Picasso Travel, one of the largest air consolidators in North America, and Rainer Klee, president and CEO of AER Picasso LLC, a US subsidiary of AERTickets, the largest independent consolidator in Germany, announced a joint 50 percent ownership agreement. With this new partnership, the gross sales of the joint company will reach $1.2 billion in air consolidator sales and make it one of the largest consolidators in the world. There will be no changes to the U.S operations, its executive and management team and its name, Picasso Travel.
“We want the travel agent community to know we will be investing even more in automation and improve service levels worldwide," Ozyurtcu and Klee said in a joint statement.
Picasso Travel, headquartered in Los Angeles has been in business for more than 28 years. In addition to its air consolidator business the company offers package tours under the brand names of Nordique Tours, Picasso Tours & Cruises, Ports of India, Splendida Italia, SwissMade Tours and its newest offering Israel With Us. Picasso Travel is a member of ASTA, IATA, CLIA, USACA, ARC and the BTC.
Headquartered in Berlin, AERTickets was founded in Germany in 1993. AERTickets has 10 branch offices supplying the travel agent community in Germany, Switzerland, Austria, Poland and Spain with wholesale tickets and operates tours under the brand EXPLORER.