ARC boosts corporate travel services with majority stake in NuTravel
PhocusWire | January 22, 2020
Airlines Reporting Corp. (ARC) has acquired a majority interest in NuTravel, a technology company that provides corporate retailing solutions for airlines. Terms of the deal, including what percentage of NuTravel ARC now owns, have not been disclosed. NuTravel will operate as an independent subsidiary of ARC. ARC says this deal, in tandem with its recent investments in Traxo and Blockskye, further expands its “suite of solutions for the end-to-end air travel journey,” a priority president and CEO Mike Premo discussed in an interview at The Phocuswright Conference in November.