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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