Travelport Holdings (Jersey) Ltd (to be renamed Travelport) announced (19-Jan-2010) its intention to proceed with an unregistered offering of shares within the US, in connection with an IPO of shares being made to institutions in the UK and to eligible institutional investors internationally. The proposed IPO is intended to raise USD1,775 million, with the net proceeds used to retire debts. The transaction is expected to close in 1Q2010, subject to market and other customary conditions.
Travelport announces IPO
You may also be interested in the following articles...
CAPA airline profit outlook: 2016 was top of cycle, but margins to stay above past cyclical peaks
The CAPA world airline industry operating margin model forecasts that margins will fall from 2016 to 2018, suggesting that the estimate of 8.3% in 2016 may have been a cyclical peak. This six monthly update of CAPA's world airline profit outlook, which adds 2018 to the model for the first time, attributes the expected declining margin trend to increases in oil prices and in the rate of fleet growth.
Moreover, although global economic growth is forecast by the IMF to pick up in each year from 2016 to 2018, there are many uncertainties surrounding the world economy. The IMF's Jan-2017 outlook warns that risks to global growth are skewed to the downside.
However, previous cyclical peak margins did not exceed 6%, and the CAPA model forecasts that the industry's operating margin will remain higher than this throughout the forecast period, provided that the downside risks to the global economy do not materialise. Putting the forecast into a historical context – the world's airline industry is set to remain in a period of unprecedentedly high profitability, at least until 2018.
Airport investment, politics, airline relations: CAPA Airport Leaders Forum, Dubai, 16/17 May
Airport investment, the global geopolitical environment, airline inflight retailing and how it will affect airport retail, what do airlines want from airports, designing an aerotropolis, all of these are in the mix as the airline world rapidly changes.
Two big issues are how the policies of US President Donald Trump and the British decision to leave the European Union will affect the aviation world generally. These are already having a global impact – as already demonstrated by President Trump’s twice attempted immigrant ban and the restrictions on the carrying of laptop computers in airline cabins.
These issues will come under the spotlight at the CAPA Global Airport Leaders Forum, to be held on 16/17- May-2017 in Dubai, as an adjunct to the Dubai Airport Show 2017 (http://www.theairportshow.com/). The Airport Show is the leading B2B platform for companies to showcase airport and aviation related products and services, and is expected to attract over 300 companies and 7,500 professionals this year.