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Expedia, Inc.
Expedia Disputes Ryanair's Claims Regarding Contract Issues
November 2nd, 2008
Expedia, Inc. (NASDAQ:EXPE) disputes claims made in a public statement issued by Ryanair earlier today regarding the contract between Travelscape (a wholly-owned subsidiary of Expedia, Inc.) and Ryanair. "We are disappointed by the statement made by Ryanair earlier today, as we believe that Expedia has complied in every respect with the terms of our agreement with Ryanair, including all payment terms, and that Ryanair has failed to honor its obligations under that agreement," said Dara Khosrowshahi, CEO of Expedia, Inc. "We have a long history of solid relationships with our partners and take our contractual obligations seriously; we expect our partners to do the same....
Source: Pharma Investments, Ventures & Law Weekly (2008-11-02)
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