Cheaptickets, Vliegwinkel, BudgetAir and Vayama Join Together Under the Wings of BCD

Industry Leaders Fuse and Accelerate Expansion in Europe and Asia

ZEIST, The Netherlands, January 20, 2011 - Today, the international travel company BCD Holdings N.V.
announced the merger of CheapTickets, Vliegwinkel, Flugladen, BudgetAir and
Vayama. Together with investors ING Corporate Investments, Bluefield
Investments and the owners of Beins Travel Group B.V. (CheapTickets), BCD
Holdings unites these online travel companies, forming a new internet travel
organization with global reach.

CheapTickets and Vliegwinkel are industry leaders in the
Netherlands and Germany. Vayama has also quickly matured on the American
online travel market. CEO BCD, Joop Drechsel says: "The merger of these
companies results in one strong and international online travel company. Our
common goal is to strengthen our current representation in the various
countries, as well as expanding our activities in the remaining parts of
Europe and in Asia."

Online travel agent BudgetAir recently expanded its activities
in Belgium, France and England, and Vayama was successfully launched in
Canada, England, Thailand, Hong Kong and Singapore. "Each of these companies
has continuously pushed the boundaries and they complement each other in many
ways," says Raymond Vrijenhoek, CEO Beins Travel Group.

The new organization, led by the existing management and
including offices in the Netherlands, Germany, the USA and India, is active
in more than 15 countries, with approximately 350 employees and an annual
total revenue of over U.S. $ 750 million.

The joining of forces has been facilitated by ING Corporate Investments,
as a minority shareholder in the new combination.

About BCD Holdings

BCD Holdings N.V., a Dutch family-owned company founded in
1975 by John Fentener van Vlissingen, is a market leader in the travel
industry. The BCD Holdings companies are BCD Travel (global corporate travel
management), Park 'N Fly (off-airport parking), TRX (travel transaction
processing and data integration), Airtrade (consolidating and online travel),
VakantieXperts (leisure), Vayama (online travel USA) and Parkmobile
International (mobile parking and traffic applications). BCD Holdings employs
approximately 13,000 people and operates in more than 90 countries with total
sales, including franchising, of U.S.$ 14.8 billion. For more information,
visit www.bcd-nv.com.

Note for the editorial office, not for publication: Further information: BCD Management B.V., Saskia Wildschut, +31-30-697-6140, saskia.wildschut at bcd-nv.com