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SABRE CORPORATION

(SABR)
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Real-time Estimate Cboe BZX  -  02:52 2022-11-30 pm EST
6.045 USD   +4.58%
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US-Bangla Airlines and Sabre sign new deal to support the carrier's indirect retailing growth

09/21/2022 | 11:35am EST

SOUTHLAKE, Texas - Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced a new distribution deal with US-Bangla Airlines to enable the carrier to sell its fares and inventory through Sabre's global travel marketplace. The agreement gives US-Bangla the ability to extend global reach and increase revenue by providing Sabre-connected travel agencies with its domestic and international content.

The new relationship strengthens Sabre's presence in the growing Bangladeshi travel market while enabling US-Bangla to add thousands of travel agencies to its distribution network, maximizing distribution and expanding global reach. As Sabre focuses on delivering more intelligent retailing solutions to meet changing traveller expectations, Sabre-connected agencies will be able to access additional, robust content via the Sabre GDS to provide extra choices to their customers.

'Our new relationship with Sabre is an important milestone for us in the modernization of our indirect-channel retailing strategy,' said Mr. Mohammed Abdullah Al Mamun, Managing Director, US-Bangla Airlines. 'As we re-open existing routes and launch new flights, joining Sabre's global distribution network will enable us to better capture ongoing industry recovery, grow global revenue, and help ensure travellers to and from Bangladesh enjoy seamless travel experiences.'

Based out of Shahjalal International Airport, US-Bangla is the second largest airline in Bangladesh, in terms of fleet size. As well as operating domestic routes across Bangladesh, US-Bangla also flies to key global destinations across Asia-Pacific and the Middle East including Singapore, Chennai, Guangzhou, Kuala Lumpur, Dubai and Doha, with plans to add additional future long-haul routes.

'We're delighted to be extending our presence in Bangladesh with a new relationship between Sabre and US-Bangla,' said Rakesh Narayanan, Vice President, Regional General Manager, Asia Pacific, Travel Solutions, Airline Sales. 'Adding US-Bangla to our distribution network provides a seamless way for Sabre-connected travel buyers, who are already familiar with our intuitive Sabre Red 360 workflow, to provide the most valuable, relevant offers from the carrier to their customers.'

About Sabre Corporation

Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre's technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com.

About US-Bangla Airlines

US-Bangla Airlines started its journey on the 17th of July,2014 and is now the biggest private carrier in Bangladesh in respect of fleet and carriage. It has 6 Boeing 737-800s including 7 brand new ATR-72 600s and 2 Dash 8-400 aircrafts. Very soon 2 more new Airbus 320s will be joining the fleet. At present, US-Bangla Airlines is carrying three quarters of domestic passengers and it's On Time Performance (OTP) is 99%. The airlines is ISO 9001:2008 certified. US-Bangla Airlines has a very diversified, motivated, talented and resourceful workforce who are consistently endeavoring to make it the No-1 private airlines in Bangladesh. US-Bangla Airlines has become one of the most trusted and preferred airlines of the country.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 2 573 M - -
Net income 2022 -400 M - -
Net Debt 2022 3 991 M - -
P/E ratio 2022 -4,71x
Yield 2022 0,29%
Capitalization 1 898 M 1 898 M -
EV / Sales 2022 2,29x
EV / Sales 2023 1,82x
Nbr of Employees -
Free-Float 91,9%
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Number of Analysts 7
Last Close Price 5,78 $
Average target price 11,00 $
Spread / Average Target 90,3%
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Managers and Directors
Sean E. Menke Chairman & Chief Executive Officer
Kurt Joseph Ekert President
Michael O. Randolfi Chief Financial Officer & Executive Vice President
Joe DiFonzo Chief Information Officer
George R. Bravante Independent Director
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