March 31 (Reuters) - Flight Centre Travel Group Ltd FLT.AX
* outlined plans to create a new global business that will provide in-destination services to travellers.
* plans, which are being implemented in conjunction with Vietnam's Thien Minh will see companies create a larger asia-based destination management company
* plans to create destination management company (dmc) by combining TMG's Buffalo Tours business in Vietnam with smaller joint venture DMC businesses
* services provided by dmc will include transfers, excursions and day-trips, arrangements for meetings and incentive groups
* new asia dmc is expected to turnover about $us70 million and generate in order of $us5mln in earnings before interest and tax during 2017 calendar year
* Tmg transfer Vietnam business into JV
* FLT increase its holding from 49% of current jv to 58.5% of new business
* plans,with Vietnam's Thien Minh , will see cos acquire or launch similar businesses in other regions in short to medium-term to create a world-wide dmc network
* agreements are in place for flt to increase its holding further in 2018
* agreements are in place for TMG to invest in global DMC offering that companies plan to create in short to medium term Source text for Eikon: ID:nASX7GqyYp Further company coverage: FLT.AX