A London court this week set Sept. 21 as the starting date of a trial to decide whether Wex is legally entitled to pull out of its $1.7 billion acquisition of payment businesses eNett and Optal. eNett is majority-owned by Travelport. Wex cited the coronavirus pandemic when announcing plans to back out of the deal in May.
Frosch International Travel confirmed it has completed the acquisition of Illinois-based travel management company CorpTrav.
Since the end of March, New Zealand-based T&E tech provider Serko has added travel management companies Acendas, Balboa Travel, Ovation Travel Group and Radius Travel as resellers of its Zeno booking and travel management platform in the United States.
Sabre is "making positive progress" with Lufthansa Group a week before their distribution agreement expires.
After months of lockdown, the allure of travel has never been stronger. At the same time, the necessity of travel has never been so much under question, writesAmerican Express Global Business Travel CEO Paul Abbott.
Travelport CEO Greg Webb on navigating the crisis, Travelport's still-intact plan to collapse its GDS cores into a single "next-generation platform," customer relations in the Covid-19 era, and Travelport's dispute with Wex, which last month moved to back out of a deal to acquire eNett.
TripActions this week announced $125 million in "convertible-to-IPO financing," laying bare its ambitions for an initial public offering. Someday.
Why are the global distribution systems still paying us? When we're the ones using their software, their technology, shouldn't we be paying them? This is a question I have been asking for a number of years, writes Aash Shravah, general manager of travel management company JTB Business Travel.