FCm acquires Air Services International
FCm Travel Solutions has strengthened its operations in Asia with an acquisition and the appointment of a new leader to oversee the FCm network’s growth in the region.
The global corporate travel management consultancy has fast tracked its growth in a key business hub by acquiring Singapore-based Air Services International Pte Ltd, a locally-owned corporate business established in 1973.
FCm will merge the business with its existing organically grown operations in Singapore, effectively doubling its presence in the market. Together, the businesses are expected to generate about $50million in total transaction value during 2010-11.
The deal coincides with the appointment of Suyin Lee as general manager of FCm Asia, a role that includes oversight of the business’s Asian partner network, regional sales and account management.
Suyin, who will be based in Singapore, will report to Rob Flint, the executive general manager of parent company Flight Centre Limited’s leisure and corporate travel operations in Asia and the Middle East.
Suyin brings to the table more than 15 years of senior management experience and has significant working knowledge of the Asian travel market.
She is also a long-time employee of Flight Centre Limited and has worked in various roles for the leading global travel company, including general manager of FCm’s Greater China business for three years.
In her new role, Suyin will oversee the overall growth and development of FCm’s corporate, leisure and events businesses in Singapore, with a view to establishing the country as a key regional hub for Flight Centre in Asia.
Suyin also will work on strengthening FCm’s service platforms and partner alliances and will focus on the growth of existing business, in addition to devising and implementing training and development strategies for the regional FCm network.
“The Singapore business will become a key regional hub for Asia within the next 12-18 months,” Suyin said. “As part of this, we’ll be specialising in corporate travel and event management for mid-tier multinational companies through the FCm Travel Solutions brand.
“We will also work on growing our leisure travel offerings through the established Flight Centre brand, which already has an online presence in Singapore and in other countries.”
Suyin takes over management of the partner network from Joseph Kao, who is stepping down from his role as director partner network, Asia. Joseph takes leave from FCm following a hugely successful and inspirational role in the company, which delivered innovation to Asia’s corporate travel industry.