Articles tagged “mergers and acquisitions”

Airline Weekly

Korean Air-Asiana Merger Faces Further Delays From European Regulators

Korean Air and Asiana will have to wait a little bit longer to get married. The EU is extending its decision date on the transaction further into the summer of 2023. The deal hopes to be fully approved by 2024.

4 days ago
Korean Air-Asiana Merger Faces Further Delays From European Regulators

News Blog

Via Acquires Citymapper to Enhance Navigation of Transit Systems

Via, a pioneer in transit technology, announced Thursday that it has acquired Citymapper, a UK-based premier journey planning app and transit technology company. Terms of the transactions are not disclosed. Citymapper, which has over 50 million users in over 100 cities, provides technology for local transportation planning using a combination of walking, cycling, public transit,…

Sherry Sun | 1 week ago

Airlines

U.S. Sues to Block JetBlue and Spirit Merger

As expected, the Justice Department is moving forward to block one of the biggest proposed tie-ups in U.S. airlines in years. Can the deal be saved?

Edward Russell | 2 weeks ago

U.S. Sues to Block JetBlue and Spirit Merger

News Blog

Travelsoft Acquires Travel Compositor to Expand Booking Software Services

Travelsoft, a company that offers software products focused on travel bookings, has added a third brand to its portfolio. The Paris-based company said Monday that it acquired Spain-based Travel Compositor, a provider of travel booking engines, for an undisclosed price.  Travel Compositor said its platforms handle €1 billion ($1.1 billion) worth of bookings annually and…

Justin Dawes | 3 weeks ago

Short-Term Rentals

Travel+Leisure Group Sells Love Home Swap To HomeExchange

The deal is in line with HomeExchange's ambition for market expansion beyond France and Spain in Europe. And beyond that, its consolidation of the home exchange market — as this marks the company's fifth acquisition.

Srividya Kalyanaraman | 3 weeks ago

Travel+Leisure Group Sells Love Home Swap To HomeExchange

Online Travel

Booking and Airbnb Have a $22 Billion Wad of Cash — How Will They Spend It?

The sure bet is that the major online travel agencies will use some cash to buy back shares in 2023 unless the economy tanks. Less sexy than acquisitions, but good for shareholders. Still, that leaves plenty of money for some possible headline-making deals.

Dennis Schaal | 4 weeks ago

Booking and Airbnb Have a $22 Billion Wad of Cash — How Will They Spend It?

Travel Technology

Sabre: Takeaways From Its Annual Financial Report

The way customers interact with Sabre is changing, and the company’s future depends on how it responds to those changes. Sabre in 10 years could look a lot different than Sabre today.

Justin Dawes | 4 weeks ago

Sabre: Takeaways From Its Annual Financial Report

News Blog

Largest Flight Attendants Union Backs JetBlue-Spirit Merger

The largest flight attendants union, the Association of Flight Attendants-CWA, is backing the proposed $3.8 billion merger of JetBlue Airways and Spirit Airlines as part of a new agreement with the latter carrier. "The JetBlue-Spirit merger adds competition to the airline industry that creates more power for workers, along with choice and comfort that benefits…

Edward Russell | 1 month ago

News Blog

Avianca Defends Viva Air Deal as Latam Airlines Shows Interest

It may be a full on bidding war for bankrupt Colombian budget airline Viva Air. Latam Airlines has expressed interest in acquiring the carrier, joining Chile's JetSmart, and put Avianca in defense mode over its proposed merger with Viva. "The 'proposals' of the competitors that have expressed their alleged interest in Viva are, by all…

Edward Russell | 1 month ago

Travel Technology

Sabre Pushes Through Setbacks Toward Positive Recovery

Sabre continues to diversify its business by adding technology products, a good investment as the travel industry slowly but surely changes over the years.

Justin Dawes | 1 month ago

Sabre Pushes Through Setbacks Toward Positive Recovery