A Southlake Company's Airlines Deal Becomes Part of Trump's Vietnam Summit

A ceremonial signing session in Vietnam Wednesday could end up being worth $300 million for a Southlake technology company.The agreement between Sabre Corp. and Vietnam Airlines was one of several commercial trade deals signed Wednesday during President Donald Trump's summit with his Vietnamese counterpart, Nguyen Phu Trong, in Hanoi.Sabre said the memorandum of understanding expands its existing partnership with what it described as the fastest growing carrier in Southeast Asia. Sabre's technology is used by airlines and hotels to manage passenger bookings and includes services such as cargo, crew and catering management. Wednesday's announcement came within a year of Vietnam Airlines' agreement to buy Sabre's passenger service system, valued at $400 million, and renew a long-term content distribution contract. The companies have been doing business with each other for more than 20 years."Today's announcement demonstrates Sabre's ... ongoing commitment to Asia's continued growth and success," said Dave Shirk, the company's travel solutions president who signed the deal with Vietnam Airlines CEO Duong Tri Thanh.  Continue reading...