Jay Boehmer

The co-founder and former CEO of NuTravel now is captaining a startup called Cruising Altitude and working to launch a new product called Altimeter. He's taxiing for takeoff, and the flight plan looks a lot like what he was working on when he departed NuTravel.

Navan's long-awaited initial public offering is coming to fruition, as the company on Friday publicly filed its registration statement with the U.S. Securities and Exchange Commission and outlined plans to list on the Nasdaq Global Select Market under the proposed ticker symbol NAVN.

Direct Travel has finalized a deal to acquire longtime partner ATPI, CEO Christal Bemont said in a briefing on Friday. She called the deal "an easy decision," considering the "complementary" fit of the two travel management companies and an already "deep-seated" relationship. Since 2017, the two TMCs have been close partners under the Direct ATPI multinational joint venture.

When the U.S. government this year was slashing federal IT contracts, curtailing employee travel and downsizing the federal workforce under the Department of Government Efficiency, it seemed reasonable to question whether the next-generation federal E-Gov Travel Service would still take flight.

BCD Travel's founder and family business patriarch John Fentener van Vlissingen has made way for three of his grandchildren to join BCD's supervisory board, with plans to groom the "next generations" for greater influence and control of the business.

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Just in the past few weeks, the competitive landscape among travel management companies has transformed. Amid the tumult, does BCD Travel, the second-largest TMC, feel compelled to react? CEO Stephan Baars is staying the course on the company's five-year growth plan. "We have our own focus where BCD should be," he said in an interview.

Facing "unsustainable" look-to-book ratios in airline distribution, the International Air Transport Association in a white paper this month issued a call to action for airlines, IT providers, content aggregators and travel agencies to tackle a problem that "may worsen before it improves."

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