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Corporate Travel to buy US business in bold pandemic move – NEWS.com.au
Corporate Travel to buy US business in bold pandemic move
Corporate Travel Management has inked a deal to buy a complementary US business for $US200.4 million ($A283 million) a bold step given the pandemic has hammered the industry more than any other.The company last month posted a small net loss for 2019-20, when it slashed more than 1000 jobs, and has not provided an outlook for the current financial year, citing uncertainty around travel restrictions and quarantine requirements.
But it announced on Tuesday it was absorbing Nebraska-based Travel &a…
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