Flight Centre Makes Strategic Investment in the Upside Travel Company

Flight Centre Group continues to strengthen its rapidly growing global corporate travel business, announcing a strategic investment in The Upside Travel Company (“Upside”), the corporate travel company launched in 2017 by Priceline founder Jay Walker. FLT’s investment is for a 25 percent interest in Upside which will see it become the business’s largest individual shareholder providing access to Upside’s travel technology platform and software development resources. As part of the agreement, the parties also entered into a commercial deal that covers cooperation on various distribution initiatives that combine FLT’s deep understanding of the corporate travel space with Upside’s powerful technical assets.