Travel technology firm Travelport is to benefit from a $200 million injection of cash from its private equity owners, Siris Capital Group and Elliott Management.

Travelport’s CEO Greg Webb said this latest investment “will allow Travelport to further advance its tech innovations, while fuelling the company’s momentum”. 

The company said it has “significant liquidity” with the investment as well as a recent debt restructuring that has “materially” lowered its interest payments.

As a privately owned company, Travelport is not required to report quarterly results like its main competitors, Sabre and Amadeus, but the firm said it had enjoyed a “strong first quarter performance”. 

“The $200 million investment from our owners, Siris Capital Group and Elliott Management, reflect their confidence in Travelport and the continued recovery of the travel industry,” added Webb. “The main advantage of private equity ownership is agility, which is crucial in a rapidly changing environment.” 

The quarter included Travelport’s acquisition of online booking specialist Deem, the launch of the new Smartpoint Cloud retailing interface and the completion of making American Airlines’ New Distribution Capability (NDC) content live across its full portfolio.