Charity sets up agency to reduce travel costs_2
19 July 2012
The Wellcome Trust has set up its own International Air Transport Association (Iata)-accredited travel agency in an effort to cut out travel-agent costs.
The medical research charity, which has an annual budget of £600 million and a 4.7 per cent stake in pharmaceutical giant Glaxo Wellcome, is believed to be the first company in the UK that is not a travel agency to obtain operating accreditation from Iata.
The airline-owned association does not admit non-travel agents as members. It is believed that the Wellcome...