IAG agrees to new long-term distribution agreement with Sabre
SOUTHLAKE, Texas, July 2, 2014
--Vueling becomes the latest carrier to join Sabre's global travel marketplace
SOUTHLAKE, Texas, July 2, 2014 /PRNewswire/ -- Sabre Corporation (NASDAQ:
SABR), a global technology provider to the travel and tourism industry, has
agreed a new multi-year distribution agreement with International Airlines
Group (IAG), one of the world's largest airline groups, incorporating British
Airways Iberia, Iberia Express and Vueling.
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Under the newly expanded agreement, British Airways, Iberia and Iberia Express
will market and sell their airfares and ancillaries through Sabre's global
travel marketplace. The agreement also includes European premium low-cost
carrier, Vueling, which joins Sabre's marketplace for the first time.
For travel agencies, the agreement provides the same, continued access to
British Airways, Iberia and Iberia Express' fares, availability, schedules,
and ancillary services such as bags and seats. In addition, agents will now
be able to shop and book Vueling fares. "IAG is an important partner for Sabre
and we are pleased to strengthen our already long and successful relationship
with the introduction of Vueling to Sabre," said Greg Webb, president, Sabre
Travel Network. "Europe is a key growth region for our company and we will
continue to listen to the needs and support the commercial goals of airlines
and agencies in this region."
Silvia Cairo, IAG's Head of Commercial Planning and Policy, said: "We are
wholly committed to supporting the travel agency channel and we are pleased to
have reached a multi-year agreement with Sabre. "We have a long standing
relationship with Sabre and look forward to working with Sabre subscribers
more closely in the coming years."
Sabre's travel marketplace plays an important role in facilitating the
marketing and sale of airfares, hotel rooms, rental cars, rail tickets and
other types of travel, to more than 400,000 travel agents and thousands of
corporations who use it to shop, book and manage travel. It is one of the
world's largest marketplaces, processing over $100 billion in estimated travel
British Airways, Iberia, Iberia Express and Vueling join more than 400 global
carriers who participate in Sabre's travel marketplace to market and sell
their fares and inventory.
About Sabre Sabre® is a leading technology provider to the global travel and
tourism industry. Sabre's software, data, mobile and distribution solutions
are used by hundreds of airlines and thousands of hotel properties to manage
critical operations, such as passenger and guest reservations, revenue
management, and flight, network and crew management. Sabre also operates a
leading global travel marketplace, processing over $100 billion of estimated
travel spend in 2013 by connecting travel suppliers to their most valued
customers, the business traveler. Headquartered in Southlake, Texas, USA,
Sabre operates offices in approximately 60 countries around the world.
About IAG International Airlines Group is one of the world's largest airline
groups with 431 aircraft flying to 243 destinations and carrying 67.2 million
passengers each year. It is the third largest group in Europe and the sixth
largest in the world, based on revenue.
Formed in January 2011, IAG is the parent company of British Airways, Iberia
and Vueling. It is a Spanish registered company with shares traded on the
London Stock Exchange and Spanish Stock Exchanges. The corporate head office
for IAG is in London, UK.
IAG combines the leading airlines in the UK and Spain, enabling them to
enhance their presence in the aviation market while retaining their individual
brands and current operations. The airlines' customers benefit from a larger
combined network for both passengers and cargo and a greater ability to invest
in new products and services through improved financial robustness.
The airline industry is moving gradually towards consolidation though some
regulatory restrictions still prevail. IAG's mission is to play its full role
in future industry consolidation both on a regional and global scale.
British Airways and Iberia are members of the oneworld alliance.
Media Contact: Nancy St. Pierre+1 682-605-3864 Nancy.email@example.com
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