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bankruptcies debt Digital elliott management global distribution systems Services travel travel technology travelport

Travelport Strikes Deal With Creditors That For Now Could Save It From Bankruptcy

A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. Travelport is in a standstill agreement with its Wall Street creditors, holding off lenders until September in a $1.15 billion dispute over alleged debt defaults. Lucas Jackson / Reuters […]

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Coronavirus and Airlines Digital elliott management global distribution systems Services travel travelport

Travelport Seeks Sharper Distribution Edge Despite Pandemic’s Hit to Revenue

Southwest Airlines operations during the coronavirus outbreak in April 2020. Southwest added participation in Travelport’s reservation systems this year. Stephen M. Keller / Southwest Airlines Skift Take: Travelport’s response to the pandemic shows that purpose can defy skeptics. But uncertainty around the fate of its eNett sale may last for months. — Sean O’Neill Read […]

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acquisitions coronavirus Digital elliott management eNett gdss global distribution systems mergers payments Services travel travelport

Travelport Gets Stiffed by Coronavirus as Wex Walks Away From $1.7 Billion Payments Deal

Widely divergent payment methods around the world provide an opportunity for disruption. Wex informed Travelport that it wants to back out of its agreement to buy eNett and Optal. Grab Skift Take: It is likely back to square one for Travelport, which has tried to sell its hottest commodity, payments provider eNett, for years. It’s […]