The Beat Live is coming to New York City in less than a month.
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.
Sabre announced it will proceed to close its acquisition of Farelogix next week, but it faces a potential suit by the U.S. Department of Justice that could challenge the transaction. DOJ has yet to file a federal complaint and did not immediately reply to The Beat to comment on its plans. Yet, Sabre on Wednesday noted that DOJ, "under the terms of its timing agreement with Sabre," must file a federal complaint by Aug. 21 if it elects to challenge the acquisition.
The legacy cryptic global distribution system interfaces used by frontline travel agents are regularly met with derision and confusion. If these text-based, monochromatic screens look like a prior generation's technology, it's because they are.