The Med

APT buys stake in rail tours specialist GW Travel


SYDNEY - APT has acquired a majority stake in UK-based GW Travel (GWT), the operator of long-distance luxury rail tours by private train.

GWT’s flagship train, the Golden Eagle Trans-Siberian Express, is Russia’s only private luxury train.

APT’s premium tour brand, The Captain’s Choice, is a leading customer of GWT.

Geoff McGeary, APT’s founder and owner, said, “APT is the Australian/NZ market leader in cruising in Russia. The Golden Eagle train will be the perfect accompaniment.”

The day-to-day management of the 20-year-old GW Travel business will stay with the current directors, headed by Tim Littler (founder), Iain Dacre (managing director) and Marina Linke (operations director) who will remain fully involved with the business and retain a substantial shareholding.





Ends

Monday, June 29, 2009



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