PAR Capital Sells 8.1 Mln Shares Of Holding In Orbitz Worldwide

(RTTNews) - Orbitz Worldwide(OWW), an online travel company, Tuesday said that its equity investor, PAR Capital Management has sold 8.1 million of its 24.6 million shares of Orbitz Worldwide stock. Post this sale, PAR will remain one of the largest investors in Orbitz Worldwide, and Orbitz Worldwide will remain one of the largest positions in PAR's investment portfolio.

"One of our largest investors both before and after this sale, PAR has played an important role in helping guide our strategic direction. We look forward to continuing to work with Paul Reeder and the PAR team going forward," said Barney Harford, CEO of Orbitz Worldwide.