Carrier to Use Company's Expansive Technology Platform to Grow Onboard Retail Programs
TORONTO, ONTARIO--(Marketwired - June 4, 2013) - GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, today announced a multi-year agreement to deploy its onboard retail technology platform across the entire Spring Airlines fleet. GuestLogix' solution, including POS handheld devices, will be deployed to accept payment for the purchase of food and beverage, as well as destination activities and duty-free items onboard Spring Airlines flights. The Company's OnTouch® Analytics platform will also be utilized to optimize the airline's onboard retail performance. Spring Airlines is the first low cost carrier in all of mainland China, representing strong market entry for GuestLogix in the region.
"Securing this agreement with a dominant leading player in China's domestic travel market symbolizes the continuation of a steady, strengthened penetration into Asia Pacific's airline industry," said Brett Proud, President & CEO of GuestLogix. "China represents the largest aviation market in Asia Pacific, and Asia Pacific represents the largest market in the world. Enabling ancillary revenue growth for China's first LCC is a very big win for us and we look forward to supporting Spring Airlines' innovative onboard retail strategies going forward."
GuestLogix' onboard retail platform and PCI-compliant handheld POS devices will be implemented on all of Spring's 60 domestic and international routes to accept major credit cards for the purchase of food and beverage, duty-free and destination activity products. The acceptance of credit cards onboard and streamlining of retail management processes will lead to improved crew efficiencies, and in turn, heightened onboard service. Use of the Company's OnTouch® Analytics platform will aim to ensure all flights are optimally stocked and to identify areas for improvement, enabling the carrier to further enhance the generation of ancillary revenues onboard.
"Since its inception, Spring Airlines has placed emphasis on innovation, safety and efficiency, in addition to providing our customers with the best-value airfares in China," said Mr. Zhang Xiaolu, GM of Ancillary Revenue Department, Spring Airlines. "In an effort to execute a profitable Buy on Board program that benefits both Spring Airlines and our passengers, we have decided to partner with the experts in onboard retail technology - GuestLogix. We are confident that our combined knowledge and expertise will lead to enhanced customer service and improved performance results."
Spring Airlines continues to expand its international presence and is a known trend-setter within the industry having pioneered direct internet and mobile sales in China, with fares sold mainly via the Spring Airlines website. Undaunted by being the first to try something new, Spring Airlines continues to revolutionize air travel in China and throughout the Asia Pacific aviation market.
"On behalf of GuestLogix, I'd like to welcome Spring Airlines into our customer base," said Ilia Kostov, EVP Global Sales, GuestLogix. "As the leading onboard retail technology provider to LCCs worldwide, Spring Airlines can rest assured that our industry knowledge and experience will be applied for a smooth rollout onboard their fleet."
This agreement with Spring Airlines represents 9.1M passenger trips for GuestLogix.
About Spring Airlines
Spring Airlines, was established in 2004 and was one of the first airlines owned by the private capitals. In the meanwhile, Spring Airlines is also the first low cost carrier in China. Spring Airlines now own 35 A320 aircrafts with annual passenger volume exceeding 9 million; Spring Airlines is famous for its differentiated services and innovation capability and start the first onboard store business model in China. It is also the leading airline that starts the onboard retail business.
GuestLogix Inc. (TSX:GXI), the leading global provider of onboard store technology and merchandising solutions, brings over a decade of expertise as a trusted onboard transaction processing partner to airlines, rail operators and the passenger travel industry. GuestLogix helps its customers to create, manage, and control onboard retail environments tailored to their needs and their passengers for a truly personalized experience. The Company is partnered with global leaders in catering, duty-free and in-flight entertainment, offering complete onboard retailing services to airlines and rail operators worldwide. GuestLogix' global headquarters and centre for product innovation is located in Toronto, with regional head offices located in Dallas, London and Hong Kong. More information is available at www.guestlogix.com.
© 2013 GuestLogix. All Rights Reserved.
This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with GuestLogix' business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect GuestLogix' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Filing Statement filed on May 15, 2013 with the regulatory authorities. GuestLogix assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
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