Special Purpose Acquisition Companies Line Up To Take Advantage Of Travel Industry Reset

Who would buy into the travel industry right now? Some are betting on the public.

American Express Global Business Travel chair Greg O'Hara, Teplis Travel CEO Gary Teplis and longtime travel investors at Thayer Ventures since June each created a blank check company to make deals in travel.

Investors design such special purpose acquisition companies, or SPACs, to go public and then make an "initial business combination" with one or more entities. Per stock exchange rules, the first combo needs to occur within two years after the initial offering, proceeds of which are placed . . .

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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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