Categories
bankruptices Digital gogo in-flight in-flight entertainment in-flight Wi-Fi inflight entertainment inflight internet inflight Wi-Fi inflight wifi intelsat mergers and acquisitions Services travel

Intelsat Makes $400 Million Bid for Gogo’s In-Flight Wi-Fi Service From Bankruptcy

An example of a geostationary communications satellite used by communications provider Intelsat. A bankruptcy court has okayed Intelsat’s plan to buy part of in-flight internet provider Gogo for $400 million in cash. Maxar Technologies Skift Take: New owner Intelsat will need to invest in Gogo’s internet services. Airline customers like Delta are impatient with Gogo’s […]

Categories
Coronavirus and Airlines Digital earnings gogo ife in-flight entertainment inflight entertainment inflight internet inflight Wi-Fi inflight wifi mergers and acquisitions Services travel wi-fi

Gogo in Talks to Sell Its In-Flight Wi-Fi Business

A passenger uses in-flight internet service on a flight. Gogo, the in-flight internet company, is in talks to sell its commercial aviation business to a competitor, the company said. Gogo Skift Take: Let’s hope the deal talks will go faster than Wi-Fi aboard a plane. — Sean O’Neill Read the Complete Story On Skift

Categories
Accelya airline innovation airlines Coronavirus and Airlines Digital farelogix mergers and acquisitions new distribution capability revenue management sabre Services travel

Accelya to Buy Farelogix in Airline Tech Rollup

Vista Equity Partners founder, chairman, and CEO Robert F. Smith. Vista is investing in an airline tech services group. Vista Equity Partners Skift Take: Vista, the investor behind this merger of airline tech vendors Accelya and Farelogix, is no private equity tourist. The firm has committed tens of billions to technology businesses, and it shows […]

Categories
best day Booking Sites coronavirus coronavirus recovery despegar Digital latin america mergers and acquisitions mexico online travel agencies travel

Despegar Salvages Its Acquisition of Mexican Travel Agency Best Day

Cityscape of Buenos Aires, Argentina. JumpStory Skift Take: Despegar, Latin America’s largest online travel company, will pay much, much less than its original $136 million proposed price to buy Mexican travel agency Best Day. Expect similar tough haggling over deal terms by travel companies across the globe. — Sean O’Neill Read the Complete Story On […]

Categories
Booking Sites coronavirus coronavirus recovery corporate travel Digital ebix india mergers and acquisitions transaction travel yatra

Another Travel Merger Sunk by Coronavirus: Ebix Purchase of Yatra Falls Apart

Dhruv Shringi, the co-founder of Yatra, has been CEO of the travel company based in Gurgaon for about 14 years. Yatra Skift Take: The crisis has caused several deals in the travel sector to come undone, such as an American Express GBT deal, Wex’s bid to buy Enett, and Sabre’s bid to buy Farelogix. But […]

Categories
airbnb alternative accommodations apartmentjet Booking Sites coronavirus Coronavirus and Hospitality Digital expedia mergers and acquisitions pillow short-term rentals sonder travel

Expedia Shuts a Short-Term Rental Biz It Created From 2 Acquisitions

Pictured is an apartment building that was managed by Vacasa. Expedia Group shuttered its short-term rental service for buildings of this type. Vacasa Skift Take: Expedia Group is trying to simplify its far-flung operations, and its multifamily, short-term rental business wasn’t a core endeavor. That’s especially true when you consider how Covid-19 has decimated demand […]

Categories
Coronavirus and Hospitality ctrip Digital edreams Odigeo edreams odigeo group etraveli google hrs Invia Kiwi.com m&a mergers and acquisitions online travel agencies Otravo private equity Startups travel travel startups Travelgenio Travix trip.com group Venture Capital

Trip.com Group’s Acquisition of Travix Hints at Appeal of Smaller Travel Agencies

A view of Schiphol International Airport in Amsterdam, Netherlands in August 2018. Amsterdam-based Travix has been acquired by online travel giant Trip.com Group at a time when many smaller online travel agencies across Europe are looking for mergers and acquisitions. Piroschka van de Wouw / Reuters Skift Take: Smaller online travel agencies try to make […]

Categories
airbnb Booking Sites Digital expedia mergers mergers and acquisitions private equity silver lake travel

Expedia Close to Selling a Potential $1 Billion Stake to Private Equity to Help Shore Up Finances

Pictured is Expedia Group chairman Barry Diller. Two private equity firms may invest in the company to get it through the coronavirus pandemic. Patrick Fallon / Bloomberg Skift Take: Two private equity firms are likely taking a minority stake in Expedia Group at very attractive terms — for the investors. There will be a flood […]

Categories
beijing china Digital hotel tech hotel tech stack hotel technology mergers and acquisitions property management system Services Shiji travel Trump Administration

Trump Administration Orders Shiji to Sell Hotel Tech Firm StayNTouch

Kevin King, chief operating officer of Shiji Group (left) spoke to Skift Senior Travel Tech Editor Sean O’Neill at Skift Tech Forum June 2019 in San Francisco. The Trump Administration on Friday demanded that Beijing-based Shiji unwind its acquisition of StayNTouch, the hotel property management system. Skift Skift Take: This is a highly unusual action. […]

Categories
airline technology amadeus Digital mergers and acquisitions Optym Services travel

Amadeus Buys Optym’s Flight Network Planning Tech

Amadeus is acquiring Optym, a technology company that helps airlines with planning and scheduling their flight networks. Bloomberg Skift Take: Amadeus was smart to acquire Optym’s well-regarded software for helping airlines optimize their flight networks. While this deal is small, the tech giant is signaling its commitment to the airline technology and airport services space […]