Travelport has shelved plans for a £1.2 billion float on the London Stock Exchange due to the continuing weakness of the IPO market. The US airline and hotel reservations company cited “volatility” in world markets for the abrupt withdrawal. The move will also serve as a dampener to owner Blackstone, which plans to list theme park operator Merlin next week.

Travelport has revealed more details of its planned listing on the London Stock Exchange valuing the business at between £1.9bn and £2.2bn.

Travelport, one of the world’s leading providers of global distribution systems (GDS), has been selected by Thomas Cook Group plc, the world’s best known name in travel, as its GDS provider in the United Kingdom.

Travelport, one of the world’s leading global distribution system (GDS) providers, offering both the Galileo and Worldspan platforms, is celebrating the achievement of a string of coveted awards in 2009.

Travel agents using the Amadeus booking platform will have guaranteed full-content access to all British Airways’ fares for another three years, it was announced today (December 21). The deal means consultants will have access to the same range of fares and inventory through Amadeus as they would through the airline’s website and at the same opt-in levels as those established in 2007.

Travelport, one of the world’s leading providers of global distribution systems (GDS), today announced the renewal of an agreement with online travel company BookIt.com®.