Sabre Thinks About Applying For Government Lending

[UPDATE, May 8, 2020: Sabre opted not to pursue financial relief via the CARES Act loan program for the aviation industry. Following a $1.1 billion capital raise in mid-April and plans to cut $325 million in costs, "we believe our current liquidity is sufficient for more than a year and a half, even in a zero-bookings, no-travel scenario," according to CEO Sean Menke.]

Sabre is considering applying for federal relief, which would require it to agree to partial government ownership and constraints on payments to shareholders and certain employees. Like travel . . .

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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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