| BUSINESS TRAVEL: MEMO PAD; More Choices For Cheap Tickets It has suddenly become easier for business travelers to get cheap last-minute tickets. The online travel-booking site Expedia announced last Thursday that it would offer many of the special Web fares of three carriers -- American Airlines, United Airlines and Delta Air Lines -- that until now had largely been restricted to Orbitz. Orbitz is the |
| COMPANY NEWS; CENDANT COMPLETES TENDER OFFER FOR CHEAP TICKETS The Cendant Corporation said yesterday that it had completed its $280 million tender offer for the shares of Cheap Tickets and had also obtained a $1.15 billion line of credit from a group of banks led by J. P. Morgan Chase. Cendant, which franchises businesses including Ramada hotels and Avis rental cars, paid $16.50 a share for Cheap Tickets, a |
| Cheap Tickets to Close L.A. Call Center Cheap Tickets Inc., the seller of discounted airline tickets and hotel rooms being acquired by the Cendant Corporation, is closing its Los Angeles call center as it consolidates the number of reservation centers it operates. About 110 jobs will be affected by the closing, said a spokeswoman, Dawn Soper Lyon. Cheap Tickets will take a third-quarter |
| Cendant Buying Cheap Tickets Inc. for $425 Million The Cendant Corporation, a company that is one of the country's most creative deal makers, took another step on its plan to become a major Internet travel agency yesterday, agreeing to buy Cheap Tickets Inc. for $425 million in cash. Cheap Tickets, based in Honolulu, specializes in deep-discount fares, a portion of the travel industry that is |
| COMPANY NEWS; DELTA GETS RIGHT TO BUY UP TO 7% STAKE IN CHEAP TICKETS Delta Air Lines has obtained a warrant to purchase up to 7 percent of the discount travel agent Cheap Tickets Inc. and will begin offering more of its fares through the company. Terms of the five-year sales- and-marketing alliance were not disclosed. Delta has sold seats through Cheap Tickets for more than a year, although it had no stake in the |