Ebookers buys high street rival

Online travel agent ebookers today unveiled a deal to buy high street rival Travelbag for £55m (€83m) as it announced the departure of managing director Dr Sanjiv Talwar.

Travelbag has annual sales of £200m (€301.6m) through its three non-package brands – Travelbag, Bridge the World and Travelbag Adventures – and predominantly sells trips to Australia and New Zealand.