NDC

Travelport Investors Commit $570 Million in New Equity Financing to Bolster Capital Structure and Accelerate Long-Term Growth and Innovation

Retrieved on: 
Monday, December 4, 2023

LANGLEY, United Kingdom, Dec. 4, 2023 /PRNewswire/ -- Travelport Worldwide Limited ("Travelport" or the "Company"), a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, today announced that a group of its existing equity holders and lenders have agreed to invest $570 million of new equity financing into the Company. The new financing will give Travelport a robust capital structure, enable further investment into Travelport's technology platforms and pave the way for other innovations to deliver new and exceptional ways for the travel industry to serve customers.

Key Points: 
  • The new financing will give Travelport a robust capital structure, enable further investment into Travelport's technology platforms and pave the way for other innovations to deliver new and exceptional ways for the travel industry to serve customers.
  • The new investment in Travelport is being made pursuant to an agreement that will significantly deleverage and strengthen the Company's balance sheet (the "Transaction").
  • Following completion of the Transaction, Travelport will have a new ownership structure composed of Travelport's existing equity and credit investors, including Elliott Investment Management, Davidson Kempner Capital Management, Canyon Partners, Siris Capital and other leading institutional investors.
  • "This investment demonstrates our investors' support for Travelport and will advance our mission to reinvent a better future for the travel industry," said Greg Webb, Chief Executive Officer of Travelport.

Climate Philanthropies Announce $450 Million to Deepen Investment in Super Climate Pollutants

Retrieved on: 
Saturday, December 2, 2023

DUBAI, United Arab Emirates, Dec. 2, 2023 /PRNewswire/ -- Today at COP28, leading climate philanthropies announced an investment of $450 million in 2023 and over the next three years to help catalyze a faster phase-down of non-CO2 super climate pollutants. The new commitment designates the majority of the funding to methane abatement and the remaining funds will support the phase-out of fluorinated gases, nitrous oxide, black carbon and ground-level ozone. Super climate pollutants contribute to over half of global climate change1, and cutting these, when paired with necessary, ambitious decarbonization efforts, can help reduce near-term warming four times faster than focusing on decarbonization alone.

Key Points: 
  • DUBAI, United Arab Emirates, Dec. 2, 2023 /PRNewswire/ -- Today at COP28, leading climate philanthropies announced an investment of $450 million in 2023 and over the next three years to help catalyze a faster phase-down of non-CO2 super climate pollutants.
  • Super climate pollutants contribute to over half of global climate change1, and cutting these, when paired with necessary, ambitious decarbonization efforts, can help reduce near-term warming four times faster than focusing on decarbonization alone.
  • It will assist countries in expediting national actions and help catalyze ambitious economy-wide NDCs that incorporate all climate pollutants.
  • "It also requires cutting super climate pollutants like methane as quickly as possible, something that will only happen through a combination of significant investment, technical assistance and robust regulation."

Climate Philanthropies Announce $450 Million to Deepen Investment in Super Climate Pollutants

Retrieved on: 
Saturday, December 2, 2023

DUBAI, United Arab Emirates, Dec. 2, 2023 /PRNewswire/ -- Today at COP28, leading climate philanthropies announced an investment of $450 million in 2023 and over the next three years to help catalyze a faster phase-down of non-CO2 super climate pollutants. The new commitment designates the majority of the funding to methane abatement and the remaining funds will support the phase-out of fluorinated gases, nitrous oxide, black carbon and ground-level ozone. Super climate pollutants contribute to over half of global climate change1, and cutting these, when paired with necessary, ambitious decarbonization efforts, can help reduce near-term warming four times faster than focusing on decarbonization alone.

Key Points: 
  • DUBAI, United Arab Emirates, Dec. 2, 2023 /PRNewswire/ -- Today at COP28, leading climate philanthropies announced an investment of $450 million in 2023 and over the next three years to help catalyze a faster phase-down of non-CO2 super climate pollutants.
  • Super climate pollutants contribute to over half of global climate change1, and cutting these, when paired with necessary, ambitious decarbonization efforts, can help reduce near-term warming four times faster than focusing on decarbonization alone.
  • It will assist countries in expediting national actions and help catalyze ambitious economy-wide NDCs that incorporate all climate pollutants.
  • "It also requires cutting super climate pollutants like methane as quickly as possible, something that will only happen through a combination of significant investment, technical assistance and robust regulation."

Novartis Issues Voluntary US Nationwide Recall of Two Lots of Sandimmune® Oral Solution (cyclosporine oral solution, USP), 100 mg/mL due to Crystallization

Retrieved on: 
Friday, November 24, 2023

EAST HANOVER, N.J., Nov. 24, 2023 /PRNewswire/ -- Novartis is conducting a voluntary nationwide recall at the consumer level of two lots of its Sandimmune® Oral Solution (cyclosporine oral solution, USP), 100 mg/mL in the US due to crystal formation observed in some bottles, which could potentially result in incorrect dosing. The issue was identified during an investigation of crystallization in a different lot of Sandimmune® Oral Solution (cyclosporine oral solution, USP), 100 mg/mL. No other Sandimmune formulations are impacted.

Key Points: 
  • The issue was identified during an investigation of crystallization in a different lot of Sandimmune® Oral Solution (cyclosporine oral solution, USP), 100 mg/mL.
  • Sandimmune® Oral Solution (cyclosporine oral solution, USP), 100 mg/mL, packaged in 50 mL bottles, is indicated for the prophylaxis of organ rejection in kidney, liver, and heart allogeneic transplants.
  • Risk Statement: Crystallization of cyclosporine in Sandimmune Oral Solution is likely to result in non-uniform distribution of the cyclosporine in the product, resulting in under-dosing or over-dosing.
  • Consumers that have bottles from the recalled lot of Sandimmune Oral Solution (cyclosporine oral solution, USP), 100mg/mL, should contact their health care provider.

COP28 and Eight Themes to Watch - An Analysis by S&P Global Commodity Insights

Retrieved on: 
Monday, November 20, 2023

The results of S&P Global Commodity Insights' scenarios work indicate that the world still needs to innovate toward commercially viable technologies to bring net-zero within reach.

Key Points: 
  • The results of S&P Global Commodity Insights' scenarios work indicate that the world still needs to innovate toward commercially viable technologies to bring net-zero within reach.
  • S&P Global Commodity Insights Eight Key Themes to Watch at COP28:
    Emissions mitigation targets are off track.
  • S&P Global Commodity Insights executives, experts and news teams will be on the ground at COP28 in Dubai, United Arab Emirates, assisting hosts and attendees' needs for essential intelligence, insights and data.
  • For more on COP28 and the energy transition, visit the Markets Insights section of the website, or the dedicated Energy Transition Insights page.

LOT Polish Airlines' NDC content now available in Sabre's GDS

Retrieved on: 
Wednesday, November 15, 2023

WARSAW, Poland and SOUTHLAKE, Texas, Nov. 15, 2023 /PRNewswire/ -- LOT Polish Airlines and Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced that the carrier's NDC offers are now available to travel agents worldwide through Sabre's global distribution system (GDS). With NDC, agents will have the opportunity to present the most competitive offer, personalized to the passenger's expectations. NDC offers are bookable through the Sabre Offer and Order APIs, agency booking solution, Sabre Red 360, and Sabre's online booking tool, GetThere. 

Key Points: 
  • With NDC, agents will have the opportunity to present the most competitive offer, personalized to the passenger's expectations.
  • NDC offers are bookable through the Sabre Offer and Order APIs, agency booking solution, Sabre Red 360, and Sabre's online booking tool, GetThere.
  • With their NDC offers activated, LOT Polish Airlines becomes the 16th airline to make their NDC content available in over 150 markets through Sabre and are advancing the adoption of offer and order-based travel retailing.
  • At Sabre, we aim to make this content available at scale in the indirect channel while safeguarding the end-to-end workflows and operational efficiencies that are so important to travel agencies."

Virgin Australia selects Sabre as its preferred NDC IT technology provider

Retrieved on: 
Tuesday, October 31, 2023

SOUTHLAKE, Texas, Oct. 31, 2023 /PRNewswire/ -- Virgin Australia has selected Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, to power its future New Distribution Capability (NDC) connection. Virgin Australia will use Sabre's NDC IT capabilities, together with its Global Distribution System (GDS), to both create and distribute innovative offers and rich, customised NDC content. 

Key Points: 
  • SOUTHLAKE, Texas, Oct. 31, 2023 /PRNewswire/ -- Virgin Australia has selected Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, to power its future New Distribution Capability (NDC) connection.
  • Virgin Australia will use Sabre's NDC IT capabilities, together with its Global Distribution System (GDS), to both create and distribute innovative offers and rich, customised NDC content.
  • Virgin Australia will deploy Sabre technology to power its future retailing efforts across both direct and indirect channels.
  • We're pleased to be partnering with Sabre as our NDC IT technology provider, so we can take a clear step forward in our retailing and distribution evolution."

Air India selects Sabre GDS to distribute its domestic flight content to Indian travel agencies

Retrieved on: 
Monday, October 30, 2023

SOUTHLAKE, Texas, Oct. 30, 2023 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, and Air India, India's leading global airline and a Star Alliance member, have signed an enhanced distribution deal that builds upon their partnership announced in April 2023.    

Key Points: 
  • Under the augmented agreement, travel agencies in India will have access to Air India's expansive domestic content through the Sabre Global Distribution System (GDS) from 1 January 2024, offering Indian travel buyers an expanded portfolio of fares and seats to better serve their customers.
  • Air India also has the added ability to distribute New Distribution Capability (NDC) content globally through Sabre's travel marketplace in the future.
  • That agreement gave travel agencies outside of India access to Air India's domestic and inter­national flight options, while agencies within India could shop international fares.
  • Bringing Air India's domestic content into our GDS reflects our dedication to empowering travel agents with rich content and enhances the value we bring to our customers."

Air France-KLM and Sabre sign NDC distribution agreement

Retrieved on: 
Thursday, October 19, 2023

PARIS and SOUTHLAKE, Texas, Oct. 19, 2023 /PRNewswire/ -- Air France-KLM and Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced completion of a strategic multi-year NDC distribution agreement as well as the renewal of their existing EDIFACT agreement. Collaboration between the partners has been extended with New Distribution Capability (NDC) enriched offers, which will be marketed and sold alongside EDIFACT content, through Sabre's global distribution system (GDS). The Air France-KLM NDC offers will be rolled out to Sabre-connected travel agencies in a phased approach next year.

Key Points: 
  • Collaboration between the partners has been extended with New Distribution Capability (NDC) enriched offers, which will be marketed and sold alongside EDIFACT content, through Sabre's global distribution system (GDS).
  • The Air France-KLM NDC offers will be rolled out to Sabre-connected travel agencies in a phased approach next year.
  • It also enables Air France and KLM to distribute their customized NDC offers, thanks to continuous pricing and tailor-made bundles, to the global network of Sabre-connected agencies.
  • We are delighted to bring our customers EDIFACT and enhanced NDC content as we transition to a new world of Offers and Orders."

LATAM and Sabre announce plans to distribute NDC by LATAM content, expand reach and boost sales

Retrieved on: 
Thursday, October 5, 2023

Sabre and LATAM are already working on the integration of the carrier's NDC content in the Sabre GDS.

Key Points: 
  • Sabre and LATAM are already working on the integration of the carrier's NDC content in the Sabre GDS.
  • Sabre is the first GDS to reach this type of agreement with LATAM.
  • LATAM and Sabre are actively working on the launch of the airline's NDC offers in the Sabre travel marketplace.
  • Once activated, LATAM will be joining 15 other airlines that already have their NDC content available in 150+ markets through Sabre.