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Flight Centre acquires corporate agency in Dublin

May 2, 2014 Corporate, Headline News No Comments Email Email

egtmedia59Flight Centre managing director Graham Turner has spoken of the potential to open a retail travel business in Ireland in the future, after his company agreed to acquire a Dublin-based corporate travel management business.

As part of the Flight Centre Travel Group’s strategy of strengthening its European corporate travel presence, the company announced yesterday that it expects this week to finalise the acquisition of Ireland’s Travelplan Corporate Limited, a Dublin-based travel management operation.

The potential for Irish retail travel expansion was reported by the Australian Financial Review. Coles-Training_250X250px

The Travelplan vendor is the Abbey Travel Group, which ran Travelplan Corporate as part of the global FCm Travel Solutions travel management network that Flight Centre created in 2004. The price was not disclosed.

The acquired business will continue to operate as FCm Ireland and will complement Flight Centre’s corporate travel businesses in the United Kingdom.

It’s another step in a long story for Flight Centre, which started with one shop in the early 1980s and has enjoyed remarkable growth and financial success to become one of the world’s largest travel agency groups.

Flight Centre operates in 11 countries through a total of 2660 businesses in Australia, the United Kingdom, the US, Canada, South Africa, New Zealand, Singapore, Greater China (mainland and Hong Kong), India, the United Arab Emirates and now Ireland.

The FCm Ireland acquisition represents Flight Centre’s first international expansion since the company launched the FCm corporate travel business in Dubai in 2007. The FCm global travel management network, which includes Flight Centre’s company-owned corporate travel businesses and independent licensees elsewhere in the world, extends to an additional 88 countries.

Turner said that although the new Irish acquisition was “relatively small” the move made sound strategic sense because it represented a cost effective, profitable and low-risk entry to Ireland, a country that is an important hub for corporate clients.

“We know the business and its culture well, given its longstanding involvement with FCm as a licensee, and can see real opportunities to work with Travelplan’s people to expand in the years ahead and to grow bottom-line profits.”

Written by :  Peter Needham

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