American Airlines and Sabre Holdings Issued the Following Joint Statement Business Wire FORT WORTH, Texas & SOUTHLAKE, Texas -- October 31, 2012 Sabre and American Airlines announce they have settled their disputes and have renewed their current distribution agreementfor multiple years. American has also agreed to negotiate with Sabre for additional technology services in the future. As part of the settlement, American will receive a monetary payment from Sabre. American will continue pursuingits direct connectinitiative. Additional information will be announced at a later date. Terms of the settlement and distribution agreements require review and approval by the court presiding over AMR Corporation’s restructuring procedures. Sabre Holdings Sabre Holdings is a global travel technology company, serving the world’s largest industry – travel and tourism. We provide software to travel agencies, corporations, travelers, airlines, hotels, car, rail, cruise and tour operator companies through our four businesses: Sabre Airline Solutions, Sabre Hospitality Solutions, Sabre Travel Network and Travelocity (including lastminute.com and Zuji). By delivering innovative travel technology, we make the world a better place. Our innovative technology is used by more than a billion people around the world to plan, book and get to their destination at a time and price that's right for them. We work behind the scenes to make the world a better place, one journey at a time. Headquartered in Southlake, Texas, Sabre has approximately 10,000 employees in 60 countries around the world. It has large development and customer care centers in the United States, Argentina, India, Philippines, Poland and Uruguay. Sabre has won numerous awards for being a top employer and corporate citizen in Argentina, Brazil, India, Mexico, Peru, Poland, and the United States. Sabre is privately owned by Texas Pacific Group (TPG) and Silver Lake Partners. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50460665&lang=en Multimedia Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50460665&lang=en Contact: American Airlines Media Relations, 817-967-1577 email@example.com or Sabre Holdings Nancy St. Pierre, 682-605-3864 firstname.lastname@example.org email@example.com
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American Airlines and Sabre Holdings Issued the Following Joint Statement
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