FLIGHT CENTRE LANDS IN QUEBEC AS PART OF ITS AGGRESSIVE INTERNATIONAL EXPANSION STRATEGY

Flight Centre's (ASX: FLT) international expansion strategy continues after it acquired a travel operator based in Canada's Quebec province for an undisclosed sum.

The Brisbane-based travel group has picked up Les Voyages Laurier du Vallon (LDV), one of Quebec's largest independent travel agencies, to strengthen its presence in the predominantly French-speaking area where it has been under-represented.

The travel company has six offices in Quebec City and one in Montreal, has luxury leisure and corporate businesses, along with a meetings, conferences and events (MICE) business and employs around 100 staff.

LDV generates around $100 million in total transactional value and just over $9 million in revenue from its operations.

FLT managing director Graham Turner (pictured) says the Canadian acquisition will fast track the company's growth in the North American market. Read more

Ben Hall - Business News Australia - 3 Aug 2017