With Enterprise Value Of $5 Billion, American Express Global Business Travel Gets Ten-Year Commitments From Investors, Key Leaders

As part of a recapitalization agreement announced Tuesday, existing and new investors in the American Express Global Business Travel joint venture made a ten-year commitment. Chairman Greg O'Hara intends to stay in the role that long, as well. Owners affirmed a $5 billion value for the company, including debt.

During a Wednesday phone interview, O'Hara said American Express Company execs approached him a year ago seeking to extend the joint venture — announced more than five years ago — for another decade because of how well it was going.

"I told them I'd . . .

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Jay Campbell

Author: Jay Campbell

Jay Campbell in 2004 created travel business newsletter The Beat, in 2006 co-founded Travel Procurement magazine and in 2010 integrated them with Business Travel News. He served as editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University.

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