New contracts boost Wings Travel Management’s energy sector earnings as it expands its global footprint into Egypt and Cyprus
Wings Travel Management expects to see a 40% growth in its energy sector activity on the back of securing over USD50million in new business around the globe over the last six months and which will see it further expand its activities in the Middle East, North Africa and the Mediterranean.
The specialist in handling the complex travel and logistical needs of companies operating in the energy sector across oil and gas, marine and corporate travel, has secured a regional appointment in the Middle East and North Africa to one of the world’s largest providers of drilling, pipeline and construction products and services in a contract value of approximately USD35 million.
In addition, Wings has secured the global appointment to provide travel and logistics services to one of the world’s largest oil and gas drilling contractors in the USA, Canada, Mexico and South America. The contract will further expand to include the Middle East in the coming months, meaning its total value will be in excess of USD30 million.
The travel management company has also seen positive growth in Scotland, winning new Aberdeen-based clients with a total annual business travel spend in the region of GBP500,000. This includes Subsea Engineering & Technical Services, Iocean Solutions, and PTC. Oil and gas business is also on the up for Wings’ operation at Stavanger in Norway. New business gained over the last six months totals some NOK2 million.
Headquartered in London, Wings Travel Management is now further expanding its global footprint by launching wholly owned and managed operations in Egypt and Cyprus to meet the needs for servicing clients expanding into these markets. This will grow the Wings network of wholly owned regional operations in key oil and gas markets around the globe to 20 countries, including Angola, Brazil, Middle East, Mozambique, Nigeria, Norway, Saudi Arabia, Singapore, South Africa, UK and USA.
READ MORE via The Blue Swan Daily: New contracts boost Wings Travel Management’s energy sector earnings as it expands its global footprint into Egypt and Cyprus