Travelport Considers Orbitz IPO

Travelport has appointed investment banker UBS to look at prospects of an initial public offering of its consumer-facing brand Orbitz, according to reports.

Travelport would sell one-third of Orbitz's equity and list the stock on New York or London exchanges in the second quarter of 2007.

Travelport, which was formed last year when Cendant split into four separate companies, recently agreed to buy Worldspan for $1.4 billion.

Cendant originally paid $1.25 billion for Orbitz in November 2004, at which time the travel Web site was controlled by an alliance of its founding airlines.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Trump and Regulations: An Alt-Fuel View

With 2025 emissions targets back in review, manufacturers, alt-fuel, and alt-power suppliers weigh in on the potential impacts of Trump’s initiatives.

Why GM’s Telematics Announcement is a Really Big Deal

Enabling a telematics connection at the factory — and not through an aftermarket hardware installation — is a game changer for fleets.

Four Thoughts From the 2016 Conference Calls

Sifting through the notes of Avis Budget Group’s and Hertz Global Holdings’ recent fourth quarter conference calls give us some trend lines to watch out for in 2017. (Of course, this gives us an incomplete snapshot, as Enterprise Holdings is privately held.)

Job Finder: Access Top Talent. Fill Key Positions.

>