One of FLT's brands, Escape Travel has been offering a 12-month interest free finance product for customers over the last year to great success. This announcement represents an indication that other brands will be able to potentially replicate this growth.
Competitors do offer a similar product already (read: STA Travel's lay-by option) and FLT can now capture clientele that were needing a finance option without having to charge exorbitant and prohibitively expensive interest rates that were previously the norm. It's good to see also that the interest free finance option will be provided by Flexiway, a financier with a long history as a preferred supplier with FCTG.
This is an extremely positive direction that will benefit the company and travelers and it's clear the market knows this.
Overreaction !, page-4
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