Kontik is a 63 years old company, focused on Corporate Travel. Formed in 1945, Kontik Franstur is a family-owned company that employs approximately 300 people. It operates business travel centres in Sao Paulo, Rio de Janeiro and Salvador, and in 2007 generated a turnover of more than US$120M. Headquartered in Sao Paulo, it services some of the best-known companies in Brazil, including BR (Brazil's largest corporation), Bradesco Bank (Brazil's largest private bank), Itaú Unibanco, Odebrecht Construction and Bosch. The company has achieved a 95 per cent client retention rate, one of the highest in the country, for the past six years.