Finnair to sell SMT Oy

Finnair signed an agreement to sell its Finnish business travel agency, SMT Oy, to American Express Global Business Travel (GBT). The transaction is expected to close during the third quarter of 2016. SMT has been a partner within the GBT network for 27 years. As one company, SMT and GBT will strengthen the service provided to European and global customers while retaining the expertise and flexibility in the Finnish market to deliver a high standard of service to local customers. Companies and organizations in Finland and around the world will continue to benefit from SMT’s local expertise, and the advantages of GBT’s global scale and access. SMT is a travel agency specialising in corporate travel. It offers tailored duty travel services to companies of any size. The company has approximately 200 personnel located throughout Finland. As previously disclosed, SMT’s Baltic subsidiary Estravel was sold in December 2015 to local business partners.