Travelport Limited, a leading provider of critical transaction processing for the global travel industry, announced its financial results for the first quarter ended March 31, 2011.

Financial Summary:
($ in millions)
· Net Revenue – Q1 2011: $531 (2010: $536)
· Operating Income – Q1 2011: $79 (2010: $72)
· Adjusted EBITDA – Q1 2011: $147 (2010: $142)
· Cash generated by continuing operations – Q1 2011: $61 (2010: cash used of $21)

Operational Highlights:
· Announced ground-breaking merchandising agreements with Air Canada and British

Airways
· Signed global Travelport Universal API agreement with Hogg Robinson Group
· Secured numerous contract renewals

Post Quarter End Highlights:
· Completed sale of GTA business
· Repaid $655 million of indebtedness
· Signed merchandising agreement with Qantas

Commenting on developments, Jeff Clarke, President and CEO of Travelport, said:
?I'm pleased with Travelport's Q1 growth in operating income and cash flow given the market and industry headwinds.
?Travelport continues to invest in new and innovative travel distribution technologies, including our Travelport Universal API, Travelport Universal

Desktop and Travelport ePricing products.?
Financial Highlights for First Quarter 2011
Travelport’s main business is its global distribution system (GDS), which includes the Worldspan and Galileo brands and the Company’s Airline IT Solutions business.

On March 5, 2011, Travelport reached an agreement to sell its Gullivers Travel Associates (?GTA?) business to Kuoni Travel Holdings Limited for a gross consideration of $720 million, subject to certain closing working capital adjustments based on cash, working capital and indebtedness targets. The transaction completed on May 5, 2011. As a result, the assets and liabilities of our GTA business are classified as held for sale on our consolidated condensed balance sheets, and the results of operations are presented as discontinuing operations in our consolidated condensed statements of operations and consolidated condensed statements of cash flows.