The travel tech giant said it would undertake a strategic realignment of its airline and agency-focused businesses, as well as other measures to support the new organisational structure.
Following an in-depth investigation, the Competition & Markets Authority has blocked Sabre’s proposed takeover of Farelogix. The government body argued the deal could result in less innovation in their services, leading to fewer new features that may be released more slowly.
The ten-year-strategic partnership with Google will enable the travel provider to improve operational agility while developing new services and creating a new marketplace for its airline, hospitality and travel agency customers.
Sabre Corporation as appointed Frank Trampert to the role of chief commercial officer in Europe, Middle East, Africa and Asia Pacific for Sabre Hospitality Solutions.
Sabre Corporation has announced its acquisition of Radixx, a leading airline retailing software provider with an established presence in the low-cost carrier space. The deal is valued at $110 million, including payments to debtholders, using cash on hand.
Sabre has reported a 9.3 per cent increase in revenue, to $984 million, for the three months to June 30th.