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

 

Topdeck Travel makes joint venture announcement

For immediate release Wednesday August 27, 2014

James Nathan, Topdeck Travel Managing Director has today announced a change of ownership for the leading youth travel company.

Commenting on the announcement, James said;

“Our news today is that myself and the Flight Centre Travel Group have formed a joint venture partnership for Topdeck Travel in a similar vein to the joint venture we have with Back-Roads Touring Co.”

“More recently it became known to me that two of the shareholders in Topdeck Travel were going to sell their shares and I was very keen to ensure the legacy that was established with the purchase of the business in 2003 was preserved.”

The two businesses have a lengthy history together which originated with the Flight Centre CEO, who was one of the original founders of Topdeck Travel back in 1973.

“Our team is very comfortable with the new arrangement, which is based on the existing model with Back-Roads Touring,” said Nathan.

“Like Back-Roads Touring, Topdeck Travel will continue to operate as an independent entity based out of headquarters in Brisbane and Chiswick, London. I will remain as the head of both businesses with the support of the current senior management and operations team.”

“This is a very exciting time in the history of Topdeck Travel which comes off the back of an incredibly strong European summer season. We’ve eclipsed all previous company records and seen 30%+ growth. Today’s announcement is a natural platform to continue building for the ongoing success of the business,” added Nathan.

As a leader in youth travel, Topdeck Travel has been delivering group trips for 18 to 30-something travellers to explore incredible destinations around Australia, Europe, New Zealand, Egypt, Morocco, the Middle East, North America and Africa for over 41 years.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO: