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Executive Travel and Travel Managers Group form partnership

21st March 2014

New Dynamic partnership between Executive Travel Ltd and Travel Managers Group Ltd

Executive Travel Limited and Travel Managers Group Limited are to join forces in a new partnership announced today.

Executive Travel under the directorship of Kevin Weston and Nicola Jamieson has acquired a 40% shareholding with Travel Managers Group effective from 01 April 2014. Mike Southcombe, a founding partner with TMG has sold his shareholding to Executive Travel. Mike says, “After nearly12 years with TMG it was time to step back and spend some more time with my family.”

The new partnership provides a complete service offering to the market with many synergies and scalability, enabling a new direct trade agreement with Air New Zealand. The new trade agreement will significantly accelerate the growth in priority markets.

The two companies moving forward are placed to work collaboratively as their boutique business models and approaches in the corporate, SME, leisure and broker markets are strongly aligned.

Executive Travel has been providing corporate travel management services since 1975 and is a privately owned Travel Management Company based in New Zealand.

Travel Managers Group is an independent, 100% New Zealand owned and operated travel broker and leisure group formed in 2002.

ENDS

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