Ctrip announced that it has completed the investment deal for Travelfusion

Source: Internet
Author: User
Keywords Shares acquisitions Ctrip announced
Tags airlines based connected cost ctrip direct distribution full service

Absrtact: Ctrip announced that it had completed an investment deal for Travelfusion, acquiring most of the latter shares. Travelfusion is a uk-based, global leader in Low-cost Aviation (LCC) direct-connected global distribution System (GDS), with more than 200 low-cost aviation, full service navigation

Ctrip announced that it had completed an investment deal for Travelfusion, acquiring most of the latter's shares.

Travelfusion is a uk-based, world-leading Low-cost aviation (LCC) direct-connected global distribution system (GDS) that works with more than 200 low-cost Airlines, full service Airlines (FSCS), rail operators and more than 30 leading hotel platforms.

Liang Jianzhang, Chairman and CEO of Ctrip's board, said, "Travelfusion has established a very excellent GDS system and low-cost aviation system around the world." "Our partnership with Travelfusion will further enhance our leading position in the international travel market, complemented by Travelfusion advanced technologies that further enhance the efficiency and effectiveness of our IT systems," he said. We are delighted to work with Travelfusion's team to create greater value for our customers. ”

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