FlexiGroup wins Flight Centre tender

Company News

by Lee Brooks


FlexiGroup Limited (ASX:FXL) says it has teamed up with Flight Centre Travel Group Limited (ASX:FLT) to provide interest-free finance to approved customers within Australia.

FlexiGroup’s wholly owned subsidiary Lombard Finance won the deal through a tender process and will invest about $3 million during the 2017 financial year.

The agreement will allow interest-free finance to all Flight Centre, Travel Asscociates, Cruiseabout, Student Flights and Escape Travel stores across Australia.

FlexiGroup reported a half yearly net profit of $41.4 million to the end of December 2015.

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