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Sabre Inks New Multi-Year Distribution Deal With Chilean Airline

Sabre Corp (NASDAQ:SABR) inked a new multi-year deal with a low-cost Chilean airline, SKY Airline, for undisclosed terms. As per…
byLekha Gupta
May 17, 2023
1 minute read
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  • Sabre Corp (NASDAQ:SABR) inked a new multi-year deal with a low-cost Chilean airline, SKY Airline, for undisclosed terms.
  • As per the agreement, the airline will expand its distributed content through the Sabre GDS and migrate to the SabreSonic passenger service system (PSS).
  • “SKY is an important and rapidly growing airline in the region. We are pleased to expand our relationship with this key customer on both distribution and their core IT solutions,” said Roshan Mendis, Sabre Travel Solutions Chief Commercial Officer.
  • Last week, Sabre disclosed a long-term technology renewal deal with South East Travels, one of the biggest travel agencies in Taiwan.
  • Also read: Sabre’s $200M Cost Reduction Will Help Bridge The Gap To ’25 Guidance, Says Analyst
  • Price Action: SABR shares are trading higher by 9.4% at $3.54 on the last check Wednesday.
 
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CV Sciences announced on Tuesday that it has consummated its purchase of Cultured Foods, a leading manufacturer and distributor of alternative plant-based vegan foods. The total consideration for the acquisition of Cultured Foods is up to $535,000.The acquisition creates an opportunity for the importation of Cultured Foods to the US and establishes a European base of operations for the sale and distribution of +PlusCBD products, opening doors to numerous new retail and distributor partners.

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