Flight Centre signs Letter of Intent with Serko

Company News

by Anna Napoli

Flight Centre Travel Group (ASX:FLT) has signed a letter of intent with online travel booking company, Serko (ASX:SKO) to extend the existing partnership between the two companies.

The companies will negotiate the terms of their partnership across Australia, New Zealand and Asia through to 2022, as well as an increase in territory across North America.

Under the letter of intent, Serko is entitled to receive an ongoing development contribution from Flight Centre through to April next year.

The contribution will enable Flight Centre to launch a unique product based on Serko’s latest online travel management technology

Shares in Flight Centre Travel Group (ASX:FLT) closed 0.81 per cent higher to $67.32 yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.