Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


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

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news