Flight Center acquires majority stake in TPConnects

Flight Center Travel Group acquired a majority stake in TPConnects Technologies after an initial investment for a 22% stake two years ago.

Terms of the deal were not disclosed, but Flight Center now owns 70% of the Dubai-based company.

The company has worked with TPConnects (TPC) since 2019, says specialist NDC has been “at the forefront of ongoing changes to traditional distribution models”.

TPC allows travel agents to access NDC content in a number of, including an API and an agency portal.

It also develops NDC and order management technologies for airlines.

Melanie Waters-Ryan, Flight Centre’s Leisure & Supply CEO, says, “In this ever-changing distribution landscape, we’ve taken proactive steps to complement our GDS partnerships and ensure we can source and deliver the best content to our leisure and corporate customers. globally by investing in TPC.

“TPC has been at the heart of the evolution of airfare distribution over the past decade, is now entrenched in our business, and an integral part of the new operating systems and platforms we offer both in the leisure and business sectors.

“By investing more in the business, we have greater influence over future developments and the continued evolution of the product, while ensuring that we continue to offer the widest choice of airfares to our customers. Accelerating future developments will also provide FLT with a better opportunity to be ahead of comparable solutions from our competitors.

TPConnect founders Rajendran Vellapalath and Praveen Kumar will remain involved in the business and will serve on a new TPC board.

Flight Center has made a series of investments in recent years, including Shep late last year and chatbot Sam in 2019.

In its recent earnings report, the company, whose brands include FCM and Corporate Traveler, attributed its growth and recovery to a focus on technology.

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