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Sabre Reaffirms Benefits of Farelogix Acquisition and Will Challenge DOJ Lawsuit
SOUTHLAKE, Texas, Aug. 20, 2019 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading technology provider to the travel industry, announced today that
About this update from Sabre Corporation
[{"type":"text","content":"SOUTHLAKE, Texas, Aug. 20, 2019 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading technology provider to the travel industry, announced today that it will challenge the lawsuit filed by the U.S. Department of Justice (DOJ) seeking to block the company's planned acquisition of Farelogix, Inc. Farelogix, a recognized innovator in the highly competitive airline technology space whose New Distribution Capability (NDC) technology is used by a number of airlines around the world, will bring capabilities to Sabre that will accelerate the delivery of the industry's first end-to-end NDC-enabled solution for the retailing, distribution and fulfillment of travel. Sabre is confident of the pro-competitive nature of this transaction, that it will succeed in court, and that the transaction will ultimately be completed. \n\"Over the past two years, Sabre has embarked upon a strategy with an entirely new executive management team focused on evolving the underlying technology of the travel ecosystem we support. To meet travelers' changing expectations while increasing profitability, airlines need a technology partner that is ready to deliver tomorrow's technological solutions today,\" said Sean Menke, President and CEO of Sabre. \"Together, Sabre and Farelogix will drive faster innovation in the dynamic, highly competitive airline technology space, helping airlines accelerate their growth and profitability while better serving travelers. We look forward to closing this transaction and to delivering the benefits it will enable for our airline and agency customers, corporations, and travelers.\" \nThe DOJ's claims lack a basis in reality and reflect a fundamental misunderstanding of the industry. The DOJ claims that Sabre and Farelogix compete head to head for airline bookings in the United States, but that claim misstates Farelogix's role in the industry. Sabre and Farelogix offer complementary services, and this transaction is the continuation of an already successful collaboration between the two companies. The airline technology sector is highly competitive, with many companies – even airlines themselves – competing to deliver next-gen retailing solutions. Sabre looks forward to showing the court how dynamic this industry is and having airlines and travel agencies explain how the industry actually works. \nSabre has committed to its ...