Flight Centre in the news.
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Member of: Qantas FF, American Airlines AAdv, NW WorldPerks
Posts: 3,860
Re: Flight Centre in the news
Hmm, missed some stories:
Feb 23: Travel retailer Flight Centre is bracing for a big drop in its share price tomorrow after its attempts to become a private company were foiled by investment bank Lazard...
Mar 10: Nearly $180 million wiped off value of travel agent Flight Centre following failure of $1.6 billion private-equity-backed bid to de-list the company...
Mar 31: The private equity fund that just four weeks ago abandoned a $1.6 billion takeover of listed travel agency Flight Centre in face of shareholder resistance returned yesterday...
__________________ FF Programs: QFF Gold (OW Sapphire) QC Life, LTSilver & 57.5% to LTG, AAdv (24.35% to LTG), NW. Hotel: PC Plat, Hyatt GP Gold, HHonors Gold, SPG, Marriott Rewards, PriorityGUEST. Car Rental: Avis Pref, Hertz No 1 Cards: Amex Plat, Visa Plat.
Flown 585 sectors totalling 821,765 miles since March 03, 1988 (ba97.com)
Member of: Qantas FF, American Airlines AAdv, NW WorldPerks
Posts: 3,860
Re: Flight Centre in the news
Flight Centre, Australia's biggest travel agent, expects to get $1.1 billion in cash by selling its assets into a venture with buy-out firm Pacific Equity Partners...
__________________ FF Programs: QFF Gold (OW Sapphire) QC Life, LTSilver & 57.5% to LTG, AAdv (24.35% to LTG), NW. Hotel: PC Plat, Hyatt GP Gold, HHonors Gold, SPG, Marriott Rewards, PriorityGUEST. Car Rental: Avis Pref, Hertz No 1 Cards: Amex Plat, Visa Plat.
Flown 585 sectors totalling 821,765 miles since March 03, 1988 (ba97.com)
Member of: Qantas FF, American Airlines AAdv, NW WorldPerks
Posts: 3,860
Re: Flight Centre in the news
Revised deal struck between Flight Centre and its private equity suitor, Pacific Equity Partners, is the first time an Australian company has contemplated a leveraged joint venture to circumvent institutional opposition to a private equity bid...
__________________ FF Programs: QFF Gold (OW Sapphire) QC Life, LTSilver & 57.5% to LTG, AAdv (24.35% to LTG), NW. Hotel: PC Plat, Hyatt GP Gold, HHonors Gold, SPG, Marriott Rewards, PriorityGUEST. Car Rental: Avis Pref, Hertz No 1 Cards: Amex Plat, Visa Plat.
Flown 585 sectors totalling 821,765 miles since March 03, 1988 (ba97.com)
Flight Centre in the news
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