Air Transport World

AA, Delta, NWA sell Worldspan interests.(American Airlines, Delta Air Lines, Northwest Airlines sell Worldspan stakes to Travel Transaction Processing Corp.)(Brief Article)

American Airlines, Delta Air Lines and Northwest Airlines completed the sale of their interests in the Worldspan global distribution system to a newly formed company, Travel Transaction Processing Corp., owned by Citigroup Venture Capital Equity Partners and Teacher's Merchant Bank, the private equity arm of the Ontario Teacher's Pension Plan.

Northwest, which owned 40% of Worldspan, said it received cash proceeds of approximately $280 million at the dosing plus "additional credits for future services. …

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