FCTG will receive up to GBP65 million (A$116.7m) in funding to offset the impact of coronavirus on its UK business.
Flight Centre Travel Group (FCTG) will have access to up to $116.7m in funding from the Bank of England’s COVID Corporate Financing Facility.
The company will be able to draw upon the debt facility to help offset the impact of the coronavirus pandemic on its UK business.
The Bank of England’s program has been implemented to support short-term liquidity among firms as they work to overcome disruption caused by the virus and the restrictions that are in place to slow its spread.
More in today’s edition of Travel Daily.