Dinner begins at Gori, the tasting menu chef’s counter that opened this month above Anto, a high end Korean steakhouse in New York’s Midtown East, with the presentation of ingredients in a lavish Cartier chest. How to take this: a bit showy, too quintessential East Side? But once the ten courses start to appear, the luxe introduction makes sense. Chef Jeong Muk Kim, formerly of Myomi in Seoul, the youngest chef to earn a Michelin star in Korea, joined this nearly year old restaurant in November and uses strictly elite ingredients such as the caviar, uni and Wagyu in the chest. Even more important: the creations he produces from them for the ten seat counter have flavors so fully developed and enticing that they immediately set up anticipation for the next course.
Travelport completes new equity financing
04.01.2024 - 13:40 / traveldailynews.com / Greg Webb / Vicky Karantzavelou
The new financing significantly deleverages Travelport’s balance sheet, giving the company a more robust long-term capital structure. It positions Travelport to continue investing in its technology platforms and further innovating new, exceptional ways for the travel industry to serve customers.
LANGLEY, UK – Travelport, a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, announced that it has completed its previously announced financing transaction with a group of its existing equity holders and lenders who have invested $570 million in new equity into the company.
“The completion of Travelport’s previously announced financing transaction represents the strong belief our investors have in our competitive position and potential for long term growth,” said Greg Webb, Chief Executive Officer of Travelport. “Our new financing allows us to continue to innovate, enhance and deliver the best-in-class technology our partners have come to expect from us. This investment will further fuel our momentum, setting up the company for increased speed, agility and innovation in 2024.”
The completion of the transaction concludes a productive year for Travelport. The company has undertaken several successful strategic investments and initiatives to enhance the technology, products and services it provides to customers. Moving forward, Travelport will continue to invest in its customer offerings including accelerating new developments in Travelport+, support for a wide range of carrier NDC offerings, and the Content Curation Layer, the company’s groundbreaking, machine learning-powered search engine that normalizes and personalizes all sources of travel content.
Travelport’s owners are now composed of Travelport’s existing equity and credit investors, including Elliott Investment Management, Davidson Kempner Capital Management, Canyon Partners, Siris Capital and other leading institutional investors.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
JetBlue drops Baltimore from route map, cuts several New York routes
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A New Floating Pool Will Reclaim NYC's Rivers For Public Swimming
From Barton Creek in Austin, Texas to Switzerland's Aare river, urban waterways around the world offer a cool reprieve from city heat—allowing residents and visitors alike to enjoy the various benefits that swimming affords. But even the boldest of New Yorkers, on the hottest of days, wouldn’t dare jump into the city’s rivers of their own accord.
Travel Will Slow in 2024, But That's Not Bad News
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The Best Bike Paths for Exploring New York City, According to an Avid Cyclist
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Chase Sapphire Card Opens Two New Lounges At New York City Airports
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Chase is opening an interesting new lounge at JFK — here's what we know
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Here's How to Score a Free Amtrak Ticket in New York This Winter
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I shopped at Costco in the Midwest and New York City. Here are the most surprising differences I noticed.
As someone who grew up in Wisconsin and moved to New York City a decade ago, I enjoy analyzing the similarities and differences between the two regions I call home.
Most Affordable Ski Resorts In New York's Adirondacks
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Amtrak Is Running a BOGO Sale for Travel Throughout New York State — and We Have the Promo Code
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Jet Linx expands private aviation footprint with new base in Salt Lake City
New Base Strengthen’s Presence in Mountain West Region.