{"id":91673,"date":"2023-03-31T15:27:01","date_gmt":"2023-03-31T15:27:01","guid":{"rendered":"https:\/\/mytravelleader.com\/?p=91673"},"modified":"2023-03-31T15:27:01","modified_gmt":"2023-03-31T15:27:01","slug":"travelport-owners-invest-200-million-in-company-to-fuel-growth","status":"publish","type":"post","link":"https:\/\/mytravelleader.com\/destinations\/travelport-owners-invest-200-million-in-company-to-fuel-growth\/","title":{"rendered":"Travelport owners invest $200 million in company to fuel growth"},"content":{"rendered":"
The owners of Travelport, Siris Capital Group and Elliott Management, have made a $200 million investment in the company to fuel growth.<\/p>\n
The investment, combined with a recent restructuring of debt, “provides Travelport with significant liquidity,” the company said in a release.<\/p>\n
Travelport CEO Greg Webb further said the investment signifies confidence in the company and the travel industry’s recovery.<\/p>\n
“The main advantage of private equity ownership is agility, which is crucial in a rapidly changing environment,” Webb said in a release. “This investment will allow Travelport to further advance its tech innovations, while fueling the company’s momentum.”<\/p>\n
Travelport, previously a publicly traded company, went private in 2019 in a $4.4 billion deal.<\/p>\n
Earlier this month, Travelport acquired corporate travel platform Deem, introduced a new retailing experience for agencies in Smartpoint Cloud and went live with American Airlines’ NDC content across its portfolio.<\/p>\n