July 20, 2007 |
Orbitz Worldwide Inc., the online travel agency owned by buyout firm Blackstone Group, raised $510 million in an initial share sale Thursday. The Chicago-based company sold 34 million shares at $15 each, less than the range it forecast this month. The stock will begin trading on the New York Stock Exchange today under the symbol OWW. Blackstone, the website's owner for 11 months through its Travelport Ltd. unit, took Orbitz public to capitalize on a surge in global travel.
April 13, 2011
FORT WORTH, Texas — American Airlines raised the stakes in its battle with ticket sellers by suing travel website Orbitz and distributor Travelport Ltd., accusing them of monopoly tactics. American says the companies are trying to control the distribution of airline tickets to business travelers and are retaliating against American for objecting. Orbitz and Travelport denied American's charges. Orbitz said Wednesday that American was trying to grab control over ticket distribution to limit customer choice and reduce competition.