Flight Centre Travel Group (FCTG) has secured
AU$900 million through a mix of capital raising and new debt
The additional funding means the group’s
total liquidity position now amounts to over AU$2.3 billion.
The strengthened balance sheet and liquidity
complements initiatives to cut costs implemented by FCTG to help
overcome the unprecedented travel and trading restrictions imposed
by governments in response to the COVID19 pandemic.
Bertrand Saillet, Managing Director, Asia for FCM
Travel Solutions, part of FCTG, said, “This funding will allow us
to quicken our pace of recovery, which we have already started to
see in mainland China. We anticipate this momentum to continue and
are excited to be able to optimise our resources and offer higher
value and service to our customers.”