Travelport Worldwide Limited (NYSE:TVPT) Files An 8-K Costs Associated with Exit or Disposal Activities

Item 2.05. Costs Associated with Exit or Disposal Activities.

On November 30, 2016, Travelport Worldwide Limited (the Company)
committed to undertake, a course of action (the Program) to
enhance and optimize the Companys operational and technological
efficiency. The Program involves (1) consolidating the multiple
technology vendors with which the Company currently works, (2)
establishing anew centralizedquality assurancefunction and (3)
consolidating the Companys three existing U.S. technology hubs in
Atlanta, Denver and Kansas City into two centers of excellence in
Atlanta and Denver.

The Company expects total charges in connection with the Program
to be approximately $27 million to $31 million. Of this,
approximately $6 million was incurred during the nine months
ended September 30, 2016, with a further approximately $5 million
expected to be incurred during the fourth quarter of 2016. The
Company expects total charges to include approximately $14
million to $16 million in severance and employee-related
obligations and approximately $13 million to $15 million in
implementation costs. The Company expects that substantially all
of these costs will be cash expenditures. The Company may also
incur other charges not currently contemplated due to events that
may occur as a result of, or associated with, the Program. The
Program is expected to be substantially completed within 12 to 18
months, after which the Company expects annualized cost savings
of approximately $19 million to $23 million as a result of
implementing the Program.

Forward-Looking Statements

The cost estimates set forth in this Item 2.05 constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements are based on the Companys expectations at the time
such statements are made, speak only as of the dates they are
made and are susceptible to a number of risks, uncertainties and
other factors. The Companys actual costs may differ materially
from expected costs. The Company is unable at this time in good
faith to predict the ultimate costs associated with the Program,
or the future impact on the Companys earnings. These risks are in
addition to the other risks set forth in the Companys press
releases, public statements and/or filings with the Securities
and Exchange Commission, including those identified in the Risk
Factors sections of the Companys Annual Reports on Form 10-K and
Quarterly Reports on Form 10-Q. Except as required by law, the
Company specifically disclaims any obligation to update any
forward-looking statements as a result of developments occurring
after the date of this Form 8-K, even if its estimates change,
and you should not rely on those statements as representing the
Company’s views as of any date subsequent to the date of this
Form 8-K.

About Travelport Worldwide Limited (NYSE:TVPT)

Travelport Worldwide Limited provides a travel commerce platform, which offers distribution, technology, payment and other solutions for travel and tourism industry. The Company connects travel providers, such as airlines and hotel chains with online and offline travel agencies and other travel buyers in its business-to-business (B2B) travel commerce platform. It provides air distribution services to approximately 400 airlines around the globe, including approximately 120 low cost carriers (LCCs). It distributes ancillaries for approximately 100 airlines. The Company’s travel commerce platform, Air, provides real-time search, pricing, booking, change, payment and itinerary creation for travelers using the services of online and offline travel agencies for both leisure and business travel. Its Beyond Air portfolio includes distribution and merchandising solutions for hotel, car rental, rail, cruise-line and tour operators, payment solutions, advertising and other platform services.

Travelport Worldwide Limited (NYSE:TVPT) Recent Trading Information

Travelport Worldwide Limited (NYSE:TVPT) closed its last trading session up +0.03 at 13.41 with 2,453,226 shares trading hands.