United Kingdom
United States
Asia Pacific
Worldspan in new hands, but Blackney stays on
The sale of Worldspan by its airline owners to the Travel Transaction Processing Corporation (TTPC) has been completed.
The transaction sees Delta Air Lines, Northwest Airlines and American Airlines split the $1 billion revenue between them according to the 40%, 34%, and 26% stakes they respectively held in the GDS.
TTPC is a company newly formed by Citigroup Venture Capital Equity Partners L.P. and Teachers’ Merchant Bank. The new chairman, president and chief executive officer of Worldspan is Rakesh Gangwal. Former Worldspan president and chief executive officer Paul Blackney assumes the role of special advisor, and will serve on the board of directors.
In a statement Mr Gangwal said: “Worldspan will focus on global expansion through broader deployment of its proven technologies and travel distribution products to meet the demands of the rapidly evolving worldwide travel market.
“Over the years Worldspan has remained a steadfast partner to the traditional travel agency community, and we will continue to provide groundbreaking solutions and innovations for our travel agents.”
Exploring Brooklands Museum with Alex Patterson
Global Tourism Challenges and Upcoming Events: A Conversation with Don Welsh
Peebles Barbeque: A Legacy of Flavor and Tradition
Exploring Bok Tower Gardens with Erica Smith
Rue’s Living Water Boat Cruises: Exploring Winter Haven’s Chain of Lakes
Durango and Silverton Railroad: A Timeless Journey Through History and Scenic Beauty
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
Dozens of bodies recovered from DC river after midair collision
Quake warning in Santorini after hundreds of tremors
Trump Admin vows to end cruise tax loophole
Cockpit tarantula causes flight delays
EasyJet forced into flight emergency landing after pilot collapses