Panoramic Universal aquires New York based Future Travels

Mumbai-based company Panoramic Universal acquires New York-based Future Travels New York, Dec. 24, 2007 Surinder Singh The Mumbai-based company, Panoramic Universal Ltd acquired Future Travels, a New York-based travel agency, through its wholly owned... More

Mumbai-based company Panoramic Universal acquires New York-based Future Travels New York, Dec. 24, 2007 Surinder Singh The Mumbai-based company, Panoramic Universal Ltd acquired Future Travels, a New York-based travel agency, through its wholly owned subsidiary in the US, Panoramic Ace Properties. Future Travels has been operational in the US market for 30 years, the biggest consolidator of Air India and Kuwait Airlines and has revenues of $10 million. Sudhir Moravekar, Chairman, Panoramic Universal said: • Panoramic Ace Properties has also set up a subsidiary named Travel Universe Inc. to manage its operations. • The trade name will remain Future Travels. • At present, the agency primarily focuses on international ticketing. However, the company plans to enhance its offerings for the leisure segment, with special focus on the inbound sector. • In November 2007, the company had acquired Hi-Flyers Services Pvt. Ltd. , an Indian travel agency • TravelBiz Monitor, the group is al Less