Leading Australian travel company, Flight Centre, recently acquired a 40 percent stake in a small Kuala Lumpur-based travel management company called Worldwide Aviation Services.
The newly acquired business, which generates around $250,000 in annual revenue and employs six people, will become part of the wider FCm Travel Solutions network. It will also work closely with the company’s operations in Singapore.
Flight Centre’s new aquisition is just the latest development in the travel company’s continuing quest to expand its Asian operations. Just last year the company teamed up with Vietnam’s largest privately owned travel and hospitality group.
Flight Centre says the move to acquire the Malaysian travel company is part of their plan to establish an equity presence in a key corporate travel hub, which will give them more control over the FCm customer offering in Malaysia.
As required under Malaysian law, Flight Centre will work with a local businessman, Datuk Hajui Hamzah Rahmat, to operate the FCm Malaysia Business. Rahmat also happens to be the president of the Malaysian Association of Tour and Travel Agents.
