News: Flight Centre sets sights on Mexico expansion

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Flight Centre Travel Group Limited (ASX:FLT) has set its sights on expanding in Mexico and inked a deal to buy a corporate travel agency in the country’s capital. 

 

The travel agent says the deal is still subject to due diligence and conditions but could see it acquire Koch Overseas de Mexico. 

 

Flight Centre has not disclosed the acquisition price but expects the deal to be completed during the next few months.   

 

Managing Director Graham Turner says having a company-owned presence in Mexico is a natural extension of Flight Centre’s business in North America. 

 

Flight Centre Travel Group reported a net profit of $100.31 million in the first half of the 2015 financial year.