Wings Travel Management has acquired full ownership and control of Brazilian TMC Cabtur Operadora de Turismo.
Last year, Wings brought veteran travel manager Richard Karol on board to serve as the VP for the Americas, overseeing their Brazil and US operations.
With more than 30 years’ experience in the oil and gas travel and logistics industry, Karol is also acting as the local director of the fully acquired company which will operate in Brazil under the name Wings Travel Management.
“I am pleased that Wings has consolidated its position in Brazil and I believe that we are now well-positioned to become the premier provider of travel and logistics services to the rapidly expanding Brazilian Oil and Gas market,” said Karol.
Former owner Alexander Balardjischvili will remain with the new company as a consultant for a “period of time”. Another original shareholder, Leo Balardjischvili, will stay on as the head of business development for Wings.