Tag Archives: American

American Express Global Business Travel agrees to acquire Egencia | News

American Express Global Business Travel agrees to acquire Egencia | News

American Express Global Business Travel (GBT) has made a binding offer to acquire Egencia, Expedia Group’s corporate travel arm. As part of the transaction, Expedia Group would become a shareholder in, and enter a long-term strategic commercial agreement with, GBT.  Paul Abbott, GBT chief executive, said: “Our strategy is to provide customers with unparalleled choice […]

American prepares for recovery after challenging first quarter | News

American repays Cares Act loans with new funding | News

American Airlines has reported first-quarter revenue of $4 billion, down 53 per cent year-over-year. At the same time, total available seat miles saw a 39 per cent year-over-year reduction. “Looking forward, with the momentum underway from the first quarter, we see signs of continued recovery in demand,” said American chief executive, Doug Parker. “We remain […]

American Airlines boosts domestic travel in US | News

American repays Cares Act loans with new funding | News

This summer, American Airlines is giving customers more than 150 new opportunities to reconnect with friends and family as it continues to rebuild its network to match demand. “Throughout the pandemic, our trademark has been to build a schedule based on what customers tell us they want and need,” said Brian Znotins, American vice president […]

American repays US$2.8bn in revolving credit facilities | News

American repays Cares Act loans with new funding | News

American Airlines has repaid $2.8 billion in revolving loans, in the aggregate, under three separate revolving credit facilities in a liquidity-neutral transaction. American borrowed the $2.8 billion in April last year in response to the Covid-19 pandemic and its impact on the demand for air travel. The revolving credit facilities are supported by 18 lending […]

American repays Cares Act loans with new funding | News

American repays Cares Act loans with new funding | News

American Airlines has completed a $10 billion financing deal backed by its AAdvantage program. The carrier said it would use a portion of the proceeds to prepay its secured loan from the United states department of the treasury. In doing so, American has terminated its loan commitments under the secured loan agreement. The Coronavirus Aid, […]

American cuts airport contact in wake of Covid-19 | News

American cuts airport contact in wake of Covid-19 | News

American Airlines customers returning to travel this spring will notice several changes to flights designed to make travelling as touch-free as possible. “While fewer customers have travelled over the last year, our team used their time to go into overdrive developing, testing and implementing new ways to give customers more confidence and comfort when they […]

American builds presence in Texas with new Austin flights | News

American builds presence in Texas with new Austin flights | News

American, the largest airline in Texas, is adding ten new, returning and seasonal routes to Texas’ capital city, connecting Austin with the world and the world with Austin. The carrier is also introducing four new codeshare routes with West Coast International Alliance partner Alaska Airlines for flights beginning May 6th. The new Austin services and […]

Geall takes up new American Express Global Business Travel role | News

Geall takes up new American Express Global Business Travel role | News

American Express Global Business Travel (GBT) has appointed Jason Geall as senior vice president for the Europe, Middle East and Africa (EMEA) region. He will take up the post immediately. In this newly created role, Geall will expand his current responsibilities for the UK and Northern Europe to oversee the entire EMEA commercial operation. Geall […]

American to launch JetBlue codeshare sales next week | News

American to launch JetBlue codeshare sales next week | News

American Airlines and JetBlue are preparing to launch nearly 80 new codeshare flights from New York (JFK, LGA and EWR) and Boston (BOS). American is also introducing 18 new routes beginning this summer, including six new routes from JFK to Latin America and the Caribbean. Codeshare flights are available for purchase today for travel starting […]

Ovation Travel Group acquired by American Express Global Business Travel | News

Ovation Travel Group acquired by American Express Global Business Travel | News

American Express Global Business Travel has acquired Ovation Travel Group. The purchase includes all Ovation Travel Group brands, including Lawyers Travel.  Ovation Travel Group clients and travellers will continue to receive the outstanding, high-touch service for which the business and its people have become so renowned over the last 36 years. They will now also […]

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