A consortium that includes Siris Capital Group and Elliott Management are in late-stage talks to acquire Travelport, Reuters reported Thursday, citing unnamed sources.
Travelport and Japan Airlines on June 1 plan to launch a joint venture that will bring Axess—the JAL-owned local market distribution system—and the Travelport Japan K.K. GDS business under one roof.
Copenhagen - Denmark-based travel buying consortium TravelpoolEurope has sued SAS for refusing to accept a bulk claim for compensation for flight delays and cancellations.
Two of the world’s largest travel management companies are set to merge after American Express Global Business Travel offered up to £410 million to buy Hogg Robinson Group.
In 2013, Sabre filed heavily redacted counterclaims against US Airways alleging the airline colluded with competing carriers on dealings with global distribution systems. The claims never proceeded as part of their years-long antitrust lawsuit, which landed a verdict in the airline's favor last month.
TravelpoolEurope, a consortium that buys travel and manages expenses for 31 companies with a combined annual T&E spend of €45 million, has found a new way to obtain discounted pricing on airfare classes not normally discounted. The Copenhagen-based not-for-profit group, which has used proprietary technology since its inception in 1991, during the past year also expanded to 11 from four the number of countries in which it manages members' travel, and this month started implementation in another six countries.
The European Union's General Data Protection Regulation takes effect May 25, and its writ extends globally to any business handling the personal data of EU citizens. As in other commercial sectors, companies in corporate travel are trying to understand the precise implications for how they operate, how they must comply, the cost of compliance and whether they even need to take notice.
Hickory Global Partners said it partnered with eCommission Solutions to provide members with discounted access to the commission recovery application it now brands as Hickory Commission Recovery
New Zealand-based corporate travel and expense technology provider Serko is reporting that its new Serko.travel platform has garnered early interest in launch markets Australia and New Zealand. CEO Darrin Grafton is plotting an expansion of the integrated travel management technology platform for small and midsize businesses to other markets, including the United States.
The International Air Transport Association is reviewing plans to cap sales for travel agents through its Billing and Settlement Plan after encountering strong opposition from various agency associations. The cap, known as Remittance Holding Capacity, was one pillar of a major BSP overhaul. While the cap is on hold, three other pillars of the overhaul were adopted at IATA’s Passenger Agency Conference in Singapore last month.