Air Transport World

Cendant Corp.(North America report)(Brief Article)

Cendant Corp., a travel services and real estate conglomerate, announced at the end of Sept. that it will purchase online travel company Orbitz for roughly $1.25 billion. Orbitz was founded in Feb. 2000 by five airlines--American, United, Delta, Northwest and Continental--and an initial public offering last Dec. raised $316 million and left the carriers with around 70% of the company. …

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