Flight Centre deal strengthens Asia footprint

Flight Centre deal strengthens Asia footprint

The acquisition of a significant stake in a small Kuala Lumpur-based corporate travel business has seen Flight Centre establish a foothold in Malaysia, in line with the group’s Asian expansion plans.

The company confirmed on Monday that it had taken a 40% stake in Worldwide Aviation Services which will become part of the FCm Travel Solutions network.

WAS currently employs six people and generates around $250,000 in annual revenue.

Flight Centre said the investment would give it a presence in the “key” corporate travel hub and would also create a platform for its entry into the small and medium enterprise (SME) corporate travel sector.

In addition, it creates opportunities for expansion into the marine and energy sectors and gives it greater control over FCm’s Malaysian customer offering while building the local business by giving it access to FCm’s multi-national accounts.

In line with Malaysian law, Flight Centre will work with local businessman Datuk Haji Hamzah of the Malaysian Association of Tour and Travel Agents to operate FCm Malaysia. The business will also be closely aligned with Flight Centre’s Singapore operations under Suyin Lee.

 

 

Latest News