GALILEO INTERNATIONAL’S WORLDSPAN BID NO LONGER UNDER CONSIDERATION

Galileo International, Inc. (NYSE: GLC), a leading provider of electronic global distribution services for the travel industry, today said that its $220 million bid for TWA’s 26 percent ownership of Worldspan is no longer being considered by the TWA creditors’ committee or the bankruptcy court. The court accepted American Airlines’ bid for most of TWA’s assets, including the Worldspan stake. Galileo’s bid had been contingent on various terms and conditions.

“We saw the opportunity to acquire a partnership interest in Worldspan as a way to add value for Galileo and its shareholders,” said James E. Barlett, chairman, president and CEO of Galileo International. “We continue to be interested in a positive relationship with Worldspan and its airline owners, and we will look for possible strategic transactions in the future.”

On March 1, Galileo had submitted its bid in accordance with the bankruptcy court’s auction procedures. Subsequent to its offer, Galileo deposited in escrow the required $22 million, which has since been returned.