Now, the company will re-inherit Sabre Pacific, through its Abacus buyout. On 24 February 2012, Sabre completed the sale of its 51% stake in Sabre Pacific, which had been jointly owned, to Abacus for $46 million of proceeds. Meanwhile, the status of Sabre Pacific as a brand and an organization with its own developers is unclear. Logically, Sabre is likely to rebrand Abacus in its own name. Sabre wants to be able to say it has a major brand presence across Asia Pacific. The strategic justifications for acquiring Abacus outright will be branding, non-airfare content, and China - not the company's core business, the air GDS.
The other airlines were minority shareholders, without board representation.īuying Abacus may lead to "Bye-bye, Abacus" The original six airlines that built Abacus - Cathay Pacific, Singapore, Malaysian, Royal Brunei, China Airlines, and ANA - split their shares evenly among themselves, at 8.45 percentage points of their 65% of the joint-venture.Ī later joiner, Philippines, got a smaller slice, about 6 percentage points. The move has been anticipated since January. The statement also says the takeover sees "new long-term distribution agreements between Sabre and the 11 airline owners of Abacus". It is buying out the shares of the other owners, 11 Asian airlines.
Since 1998, Sabre has had a 35% stake in Abacus.
#ABACUS FOR SALE MULTIPLE WHOLESALE FULL#
Sabre has announced that it is taking full ownership of Abacus International at a cost of $411 million.
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