Source: Travel Daily Media

FCM Travel: FCM strengthens financial position with capital infusion

FCM Travel Solutions' parent company Flight Centre Travel Group (FCTG) has announced initiatives to strengthen its balance sheet and liquidity position. It involves securing AUD 900 million (USD 566.37 million) through a mix of capital raising and new debt facilities. The move complements previously announced cost reduction and cash preservation initiatives implemented by FCTG to [...]The post FCM strengthens financial position with capital infusion appeared first on Travel Daily.

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Marcus Eklund's photo - Managing Director of FCM Travel Solutions

Managing Director

Marcus Eklund

CEO Approval Rating

83/100

FCM Travel is a provider of event management and travel consultation solutions for individuals and businesses. Read more