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Ukraine invasion: foreign aircraft lessors to Russia's airlines confront sanctions dilemma

Ukraine invasion: foreign aircraft lessors to Russia's airlines confront sanctions dilemma
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Travelport Agrees to Sell Enett to Wex at a Bargain Price Due to Pandemic

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Wex, a business-to-business payments company, said it had bought eNett and Optal from Travelport for $577.5 million in cash far less than the $1.7 billion price Travelport expected in January.
“I can confirm that the sale of eNett and Optal to Wex is now complete,” a Travelport spokesperson said on Wednesday. “ENett, Optal, and Wex agreed to a settlement, which resolved all outstanding litigation, and the transaction is now closed.”
The deal lets Wex scale up business-to-business payments solutions for a travel sector that often is still using fax machines to settle bills. It lets Travelport focus on its core competency of distribution. ....

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