FCTG has brought forward the full purchase of Ignite Travel Group.
Gold Coast-based Ignite Travel Group has been 100% acquired by Flight Centre Travel Group (FCTG).
FCTG previously held a 49% stake in the company and has brought forward the full purchase of Ignite’s Australian and New Zealand businesses “to capitalise on its highly successful ‘readymade’ holiday package model”.
The move will allow full deployment and integration of Ignite’s product suite through FCTG’s leisure network, beyond the recently launched “Flight Centre Exclusives” product range, to include My Holiday Centre brands such as MyFiji, MyHawaii and MyCruises.
FCTG Managing Director Graham Turner said Ignite would continue to operate within the group’s emerging brands division, remain a separate entity on the Gold Coast, and remain under the leadership of current CEO Ryan Thomas.
The group acquired its original 49% stake in Ignite in 2016, noting at the time that there were provisions in place for FCTG to increase its holding in the future, “subject to mutual partnership performance requirements”.
More in today’s edition of Travel Daily.