The Flight Centre Travel Group (FLT) has strengthened its technology roadmap with the acquisition of a 22.5 per cent stake in TPConnects Technologies for an undisclosed sum.
The Dubai-based TPConnects was founded in 2012 by Rajendran Vellapalath, who will continue to run the business with his management team.
It is one of the first International Air Transport Association (IATA) NDC and ONE Order focused travel technology companies.
FLT has also entered into a commercial agreement with TPConnects to access Software as a Service (SaaS) functions and use its 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, 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.”