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SABR Sabre Corporation

3.17
0.04 (1.28%)
Last Updated: 15:24:02
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sabre Corporation NASDAQ:SABR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.04 1.28% 3.17 3.16 3.17 3.20 3.13 3.13 354,799 15:24:02

Condor extends distribution agreement with Sabre, and expands presence in Asia

31/01/2019 1:00pm

PR Newswire (US)


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SINGAPORE, Jan. 31, 2019 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, today announced an extended distribution agreement with Condor, Germany's most popular leisure airline. The carrier has selected Sabre as a preferred Global Distribution System (GDS), and will leverage this long-lasting partnership to assist with the development of a new route into Asia, in combination with interline onward flights on Malaysia Airlines.

"For the first time, Condor will operate its own service to Kuala Lumpur in partnership with Malaysia Airlines. Joining Sabre's rich global travel marketplace in Asia is essential to our growth strategy. Now connected to over 425,000 travel agents globally, we will be in a solid position to expand our reach across the Asia Pacific region, and beyond," said Carsten Sasse, head of international sales, Condor. "We will use this opportunity to evaluate the potential for new routes and eventually look towards options to offer an expanded destination portfolio to Australia and the South Pacific region," he added.

This announcement represents a sizeable opportunity for travelers located in Asia, as Condor will operate the only non-stop flight between Kuala Lumpur, Malaysia and Frankfurt in Germany. The service officially started in November 2018, and is available three times a week. Using a B767-300ER aircraft, Condor has the capacity to accommodate close to 750 passengers weekly.

"In addition to providing new airline content to agencies across the region, this new agreement will support Condor's objectives to explore new routes and markets, and generate incremental revenue," said Rakesh Narayanan, vice president, air line of business, Sabre Travel Network Asia Pacific.

About Sabre Corporation
Sabre Corporation is the leading technology provider to the global travel industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.

About Condor Flugdienst GmbH
Condor Flugdienst GmbH has been flying its guests to the most beautiful holiday destinations in the world since 1956. Every year, more than 7 million customers fly with Condor to around 90 destinations in Europe, America, Africa, and Asia. The route network of the world's leading leisure carrier includes more than 420 destinations through cooperation with other airlines. Together with Thomas Cook Airlines UK and Thomas Cook Airlines Scandinavia Condor forms the Thomas Cook Group Airline. The fleet of the Thomas Cook Group Airline consists of more than 100 modern and environmentally friendly aircrafts. Condor is operating the aircraft types Airbus A320-200, Airbus A321-200, Boeing 757-300 and Boeing 767-300ER.

SABR-F

Media Contact
Maxime-Elisabeth Illick
Sabre Public Relations – Asia Pacific
Email: maxime.illick@sabre.com 
Telephone: +65 6426 0088

Sabre logo. (PRNewsFoto/Sabre) (PRNewsFoto/SABRE)

 

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SOURCE Sabre Corporation

Copyright 2019 PR Newswire

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