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.”
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel