Flight Centre buys Britannic Travel

FLIGHT Centre has bought Britannic Travel for £45.3 million.

Managing director Graham Turner said: “We already have an expanding business travel operation focusing on small to medium sized companies in the UK, but it would have taken years of organic growth and major financial investment to achieve Britannic’s results, size and market penetration.”

Britannic has 24 offices in 40 locations. The business employs 400 staff and provides travel services to medium and large corporate accounts.

Flight Centre also announced plans to raise up to $79.6 million for future growth.