Sabre CEO Sean Menke runs marathons and ultramarathons. It's a pastime that requires determination, tolerance for discomfort and the long view. If Sabre planned on a sprint when it announced its intent to acquire Farelogix in November 2018, Menke and Co. now are trekking a far longer course on tougher terrain.
European travel management companies, online booking tools, payment providers and other business travel players are keeping a nervous eye out for this Saturday, Sept. 14, the day Strong Customer Authentication of e-commerce payments becomes mandatory in the European Union.
Sabre early next week plans to file its response to the U.S. Department of Justice's initial complaint in DOJ's lawsuit to block Sabre's acquisition of Farelogix.
The big idea behind ATPCO's Next Generation Storefront has won plaudits from large U.S. airlines and engagement from corporate travel sellers. NGS's initial star-based rating system, however, didn't sit well with everyone. As such, ATPCO is backing away from a mandatory star-based rating system to one that is more open and flexible for travel sellers.
The U.S. Justice Department's lawsuit to block Sabre's acquisition of Farelogix is one of several legal and/or antitrust reviews pending for the global distribution system operator and travel IT company. The Beat has taken inventory of others.
At first glance, the launch this week by airfare price-assurance provider FairFly of a tool that attempts to score business traveler well-being may seem an unlikely departure. But general manager and VP for product Shoval Bolotin insists the two are very much related.
Flight Centre Travel Group in financial filings last week revealed it shelled out 56 million Australian dollars to acquire its 25 percent stake in Upside.
The U.S. Department of Justice's lawsuit to block Sabre's acquisition of Farelogix is premised in part on the competitive harm airlines would face if a "disruptive," "lower-cost" and "innovative" technology player like Farelogix fell under the wing of an old gatekeeper like Sabre. That's the characterization DOJ's antitrust complaint painted this week.
The U.S. Department of Justice on Tuesday filed a federal antitrust lawsuit to block Sabre's proposed acquisition of Farelogix.
Following its first-phase review of Sabre's proposed $360 million acquisition of Farelogix, the U.K. Competition & Markets Authority on Friday expressed concerns, fearing the deal could diminish competition, reduce innovation and lead to higher prices or lower-quality service for airlines, travel agencies and consumers. As such, the CMA now is prepared to escalate its review.