THE Flight Centre Travel Group (ASX: FLT) has strengthened
its technology roadmap via a strategic investment in a business that is
enhancing airline-travel agent connectivity.
The company has secured a 22.47% interest in TPConnects
Technologies LLC, a Dubai-based business with a next generation New
Distribution Capability (NDC), Global Distribution System (GDS) and ONE Order
based travel technology platform and software development resources.
FLT has also entered into a commercial agreement with
TPConnects to access Software as a Service (SaaS) functions and use its
International Air Transport Association (IATA) NDC Certified Travel Aggregator
platform, which aggregates NDC and GDS content.
NDC and ONE Order are key transformational projects,
launched by IATA to modernise and simplify airline distribution.
Greg Parker, the executive general manager of FLT’s global
air distribution business, said:
“This investment ensures we are at the forefront of
developments in an exciting new era of distribution and connectivity and that
our company and customers have access to the widest choice of airfares and
content, including offers that sometimes sit outside the traditional channels.
“We’ve been working closely with TPConnects and have been
impressed by the capability and flexibility of its NDC-enabled retailing and
“The TPConnects SaaS platform enables agencies to
intelligently control content sources across all major GDS providers, as well
as directly connected NDC application programming interfaces (APIs), ensuring
the best content is surfaced for customers.
“Within our business, this investment will help deliver
innovative, next generation solutions and drive consistency in the end-to-end
“We look forward to working with our preferred partners to
leverage connectivity to drive additional retailing capabilities at scale and
to provide our leisure and corporate customers with an easy-to-use and highly
personalised one-stop shop for trip planning, shopping and booking.”
TPConnects is headquartered in Dubai and was founded in 2012
by Rajendran Vellapalath, who will continue to run the business in conjunction
with his management team.
It is one of the first IATA NDC and ONE Order focused travel
technology companies and works with both airlines and travel agents throughout
The terms of the investment are immaterial to FLT and are