Brussels, 28/12/2001 (Agence Europe) - The European Commission has approved the creation of a joint venture between Sabre Holdings Corporation (USA), which operates a computerised reservation system, and German marketing company Otto Versand GmbH & Co. The new company, called Travelocity Europe, will be a virtual travel agency offering services to European consumers. The Commission's review showed that the travel agency sector is highly competitive and given the low market shares of the new...