TOMORROWS TRANSPORTATION NEWS TODAY!

Tag: Exits

Air India Exits Sabre GDS

SOUTHLAKE, Texas, Jan. 3, 2020 /PRNewswire/ — Sabre Corporation (NASDAQ: SABR), the leading software and technology company that powers the global travel industry, issued a statement today regarding its relationship with Air India. The following is for attribution to Kristin Hays, vice president – global communications for Sabre:

“After a successful 20-year relationship, Air India has decided to discontinue distributing its content through the Sabre GDS. Consequently, Air India content is no longer available to Sabre-connected travel agencies, effective Jan. 2.

“We are very disappointed that Air India decided to withdraw from Sabre. We believe that access to Sabre’s global network of travel agencies provides great value to Air India.

“We have worked with Air India for the better part of a year to reach a new agreement, in anticipation of the existing contract expiring and after receiving a termination notice from the carrier. Unfortunately, after extensive negotiations, we have been unable to come to a new agreement.

“Our teams will continue to work with Air India to finalize an agreement that meets the needs of Sabre, Air India and travel buyers.

“Sabre remains committed to GDS agreements that meet our airline customers’ unique needs while also balancing the needs of the travel buyers who rely on Sabre for robust travel content.”

Brazilian Airline GOL Says Delta Air Exits Stake

PRYCBK Delta airlines airplane preparing for landing in the blue sky at day time in international airport

Dec 11 (Reuters) – Brazil’s GOL Linhas Aereas Inteligentes SA said late Tuesday that Delta Air lines Inc has sold more than 32.9 million shares it held in the company, a few months after the Atlanta-based airline announced its decision to exit stake.

Delta’s decision to sell its stake was expected, following its acquisition of a 20% stake in GOL competitor LATAM Airlines Group SA for $1.9 billion in September.

Delta did not immediately respond to Reuters’ request for comment.

The deal with LATAM Airlines was Delta’s largest since it merged with Northwest Airlines a decade ago, and ended the Chilean carrier’s ties with American Airlines Group.

Delta’s deal with Latin America’s largest carrier would give it a bigger footprint in the region, where American Airlines has been leading the charts.

American Airlines confirmed in October it was negotiating a possible partnership with GOL, after a newspaper reported that the two companies were in contact the same day that Delta bought its stake in LATAM.

The structure or content of any potential partnership was unclear, Brazil’s Valor Economico said at the time.

(Reporting by Bhargav Acharya in Bengaluru, Editing by Sherry Jacob-Phillips)