there is plenty going on in the travel industry but none seems to involve tvl. Sooner or later someone must get interested. I think this is the only chance for any of us to make some dollars. Otherwise the economies of scale of the Australian operations makes it difficult for tvl to turn a profit.
Travelocity eyes complete ownership of Zuji.com
January 24, 2005
As reported by TravelWeekly, Sabre is positioning itself to take 100% ownership in the Asia-Pacific Web site, Zuji.com, next year.
Sabre, which holds a minority stake through Travelocity, negotiated a put option with partners Abacus and AGC Holdings, under which they can sell their stakes in Zuji to Travelocity in January 2006.
Travelocity said the arrangement gives AGC and Abacus time to decide if they want to continue to support Zuji.
Travelocity said a takeover could enhance its ability to expand into China and India.
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