Travelport

Greg Webb

Travelport Gets $570 Million In Financing

[UPDATE, Jan. 3, 2024: Travelport announced completion of the financing.] Travelport said Monday that existing equity holders and lenders agreed to invest $570 million of “new equity financing.” Expected to close by year-end, the transaction would leave Travelport with a new ownership structure, “composed of Travelport’s existing equity and credit investors, including Elliott Investment Management,…

Facing Slow NDC Adoption, Air Canada Delays Surcharge For Corporate Clients

Facing Slow NDC Adoption, Air Canada Delays Surcharge For Corporate Clients

On Tuesday, Air Canada told corporate clients they no longer had to pay its surcharge for bookings made using traditional EDIFACT protocols, at least for the time being. The change acknowledges that the corporate travel community was not ready to adopt surcharge-free NDC channels that Air Canada initiated with global distribution system providers during the…

AI Text Processing Sparks New Phase Of Travel Management Productivity

AI Text Processing Sparks New Phase Of Travel Management Productivity

Travel management companies using Amgine Technologies and communications tech firms like Front have entered a new era of productivity.  Travel Incorporated is processing between five and 10 bookings initiated by traveler emails this way for every standard agent-assisted booking.  Newer Amgine clients Christopherson Business Travel and Executive Travel are excited about the potential. All three…

Dispatch 6
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Dispatch 6

At the end of September, Travelport reduced its workforce. Sources said the cut was about 10 percent of employees. A media relations official declined to address that figure. “Our goal is to be the industry’s most effective and efficient company, delivering the best technology that enables our customers to be the most modern retailers,” the…

Notebook: NDC As Contract Component? It’s Under Consideration
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Notebook: NDC As Contract Component? It’s Under Consideration

Dallas – Utilization targets for the New Distribution Capability are part of the “new contracting process with many of the airlines,” according to FCM Travel’s head of consulting for the Americas, Ashley Gutermuth.  That companies could negotiate with airlines on this basis was fascinating and “eye-opening” for Matt Patterson, senior director of client relationship management…

In NDC, ‘When?’ Takes Back Seat To ‘How Much?’

In NDC, ‘When?’ Takes Back Seat To ‘How Much?’

One challenge for the New Distribution Capability in corporate travel is that its protocols emphasize offers over schedules. This flips on its head the typical way travel counselors find flight options for business travelers. Sabre is trying to get airlines to adjust the NDC protocol to facilitate schedule-led search out of the box. In the…

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