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Online Travel

Orbitz to Soon Learn What Business Is Like Without Travelport's Influence

Dennis Schaal photo
Dennis Schaal

Photo Credit: Orbitz Worldwide is looking at a whole new era as Travelport cuts its decade-long ties with the online travel agency group. Orbitz Worldwide

Skift Take

Break out the champagne. In many respects, Travelport has wielded a financially selfish and negative influence over Orbitz Worldwide for years. That influence will soon be gone in most respects, and Orbitz will begin to be able to chart a more independent course.

Except for one onerous contract, Orbitz Worldwide likely will soon be free from the control of Travelport, which has exercised its control or overriding influence for a decade. That's because Travelport, as it gets ready to execute on a hoped-for IPO, is cashing out entirely of its holdings in Orbitz Worldwide. Orbitz Worldwide has announced the pricing of 34 million shares in a public offering of its common stock held by an affiliate of Travelport, and the underwriter has the option to buy the remaining 5 million shares from the Travelport affiliate. This secondary

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