Sabre expects its $360 million acquisition of Farelogix to close in the "mid part of the year," later than expected, as the U.S. Department of Justice takes a deeper look at the proposed transaction, Sabre president and CEO Sean Menke said Tuesday during the company's fourth-quarter financial results call.
New Zealand-based corporate T&E technology provider Serko landed Carlson Wagonlit Travel as its first reseller of the Zeno travel booking and tech system in the U.S., the companies announced this month.
In what is likely to be its final publicly filed earnings statement before it goes private, Travelport reported a 4 percent year-over-year decline in worldwide global distribution system segments and a modest rise in net revenue and earnings for the three months ending Dec. 31, 2018.
American Airlines plans to test negotiated corporate bundles this year with clients of travel management companies that connect to the airline through an International Air Transport Association New Distribution Capability connection.
Lately, IATA has taken more notice of TMCs and the realities of their tech stack, as the association, along with airlines and GDSs, works to bring NDC to scale.
This month, GlobalStar Travel Management, which has a presence in 85 countries and such members as Omega World Travel in the U.S. and Capita in the U.K., announced the TripStar app for multinational clients. Network rival Radius launched its own mobile app after enlisting mTrip to build it more than a year ago.
New Zealand-based corporate T&E tech provider Serko is bringing on corporate travel vet Tony D'Astolfo to lead its push in the U.S. and Canada. D'Astolfo left another T&E tech provider, Deem, three months ago. Effective April 16, he'll be SVP of North America for Serko, which is publicly traded on the New Zealand Stock Exchange.
Longtime corporate travel consultant, decorated former travel buyer, former travel agency leader and occasional airline executive Andy Menkes took a position at BCD Travel as SVP of global client solutions, a new role for the mega travel management company. He starts Monday, reporting to BCD Travel COO and president of the Americas Mike Janssen.
IBM and Travelport are launching a jointly developed data system for corporate travel programs that blends IBM Watson artificial intelligence capabilities with Travelport's real-time shopping and historical fare data.