FCM strengthens financial position with capital infusion

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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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