Othmar Grueninger '55 and His Travel Group Have Plans for Ambassadair

September 10, 2006

September 10, 2006, Greencastle, Ind. - Othmar Grueninger, chairman and founder of Grueninger Travel Group and 1955 graduate of DePauw, "started the privately held Grueninger family travel empire in 1954," reports the Indianapolis Business Journal. "A German exchange student at DePauw University, Othmar figured he could make some money offering student tours to Europe." A story in September 11 edition of the weekly publication examines Grueninger Travel Group's plans for its recently-acquired Ambassadair travel club.

The article by Chris O'Malley begins, "The new owner of Ambassadair travel club has eliminated membership fees and will add a flurry of charter flights in January under a plan to revive an Indianapolis institution that shuttled thousands of Hoosiers around the globe for 34 years. The course set by Grueninger Travel Group is also intended to capture members who took flight after Ambassadair's former parent, ATA Holdings Corp., filed for Chapter 11 bankruptcy in late 2004. ATA sold the club to Grueninger last November as it shed assets to focus on rebuilding its core airline business."

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