Flight Centre expands in Europe

Company News


Flight Centre Travel Group Limited (ASX:FLT) says it has bought a small travel company in the Netherlands. 
 
Business Travel Development is a privately owned corporate travel agency and had a turnover of $15 million last financial year. 
 
The acquisition follows expansion into Mexico and Malaysia last year and is Flight Centre’s third European foray. 
 
Flight Centre says it now has a presence in 14 countries and the most recent acquisition allows for further growth in Europe. 
 
Fight Centre reported a net profit of $116.69 million for the six months to end December 2015.

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