11 November 2007

Libgo sells itself cheaply. $149 million to Flight Centre

One the largest and most venerable of US Travel institutions has been sold to the Australian mega chain - FlightCentre. First reported at Travel Weekly AU.

Itself a subject of a protracted ownership battle, TW - OZ is reporting that FlightCentre has been able to pick up both Liberty Travel (122 offices primarily in the NE USA) plus the Gogo Tours operation (22 centers around the USA) fr a very low $149 million.

This acquistion vaults FC into the top tier of US operations and the combined organization comes in at Number 10 of the largest US Travel outlets.

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