Flight Centre extends employee shareholding

1462

Flight Centre Travel Group South Africa will extend its 30% black women employee shareholder ownership trust for its newly created corporate travel entity, FCTG Corporate Pty Ltd.

FCTGSA decided to register FCM Travel Solutions in 2013 due to the nature of the business which, they say, called for a different business model.

In order to entirely split the group’s leisure and corporate divisions, FCTG has announced it will consolidate the remainder of its existing corporate travel entities to form FCTG Corporate.

The structure consists of FCM Travel Solutions Pty Ltd, trading since 2013 and FCTG Corporate Pty Ltd, newly created to comprise the FCTG corporate brands of Corporate Traveller, Flight Centre Business Travel and Stage and Screen.

FCTG Corporate Pty Ltd has created a 30% black women employee shareholder ownership trust, which will benefit over 200 of the travel company’s black female employees.