IFS Voyages Inc., including Fun Sun, Intair, Exotik and Boomerang Tours, purchased by Thomas Cook Group

Jose Leroux, CEO, IFS Voyages Inc.

TRAVELHotNews.com has obtained a press release this morning from IFS Voyages, detailing the specifics of their acquisition by Thomas Cook Group. The acquisition will see IFS Voyages inc. (IFS) whose shares are controlled by Triwest Travel Holdings (TTH) sell 100 percent of the shares to Thomas Cook Group plc. subject to regulatory approval.

IFS, headquartered in Montreal, was formed though the merger of Fun Sun Vacations Ltd and V.IT Voyages Intair Transit Inc. in December 2005.

Jose Leroux, CEO, IFS Voyages inc. said, ''We are very pleased to join the Thomas Cook Group. Together we offer the world, and together we are in a strong position to maximize the opportunities in this dynamically changing industry.

“This is an exciting time for our business and I encourage our customers and suppliers to join me in looking forward to new and exciting opportunities.”

Leroux said the two companies share many values and most importantly, maintain respect for employees, customers and suppliers alike.   “At IFS, we are always aware of the importance of our people who consistently deliver award winning service to our customers, and retain the utmost loyalty of our suppliers,'' he added.

IFS operates the Intair, Fun Sun Vacations, Exotik Tours and Boomerang Tours brands. Thomas Cook North America’s independent travel division includes the Holiday House, Network and Encore Cruise Escapes brands.

Further details on the new organization will be revealed once the deal becomes final, following regulatory approval.   In the meantime, IFS Voyages states that “we remain focused on continuing to offer the best products and services to our customers.”