Travelport seeks easing on debt

Travel services group Travelport has approached its lenders to ease the requirements on its debt covenants to prevent a possible breach next year, according to weekend reports. The move comes after Travelport earlier this year had to cancel a planned $1.78bn (£1.11bn) London IPO due to poor demand. The firm’s advisers had tried to rescue the deal, slashing the price range by a quarter to between 180p-190p per share, but to no avail. Travelport is owned by private equity firm Blackstone.