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Aeromexico Selects Pricefx to Enhance Sales Analytics Capabilities and Drive Additional Value from their Travel Agency Channel

Grupo Aeromexico | August 12, 2022 | Read time : 02:00 min

Aeromexico Selects
Pricefx, the global leader in cloud-native pricing software announced that Aeromexico, Mexico’s global airline and a leader in Latin American aviation, has selected Pricefx to help enhance its travel agency business analytics. Leveraging Pricefx’s award-winning AI technology, Aeromexico will implement Pricefx to evaluate agency performance and improve commission payment insights with future plans to design bespoke, front and back-end Agency commission plans. After the initial implementation, Aeromexico plans to broaden the use cases for Pricefx to other areas of its business to improve commercial performance.

“Technology is increasingly important to agency management and other areas of our airline. We are excited to partner with Pricefx on the development of a new sales analytics product for the airline industry, driving value in our critical travel agency segment. By leveraging Pricefx’s expertise, we believe we can strengthen Aeromexico’s commercial strategy with better execution and improved speed-to-market.”

Rastislav Martos, Senior Vice President of Revenue Management and Distribution for Aeromexico

With dozens of different fare possibilities combined with fare families and ancillaries for each itinerary, the airline industry’s public and private fares are complex to manage. With Pricefx, airlines can leverage technology to track return on investment from travel agency commission payments in a meaningful way. Additionally, the Pricefx solution can be used as a single platform for airlines to dynamically price cargo, loyalty points, ancillaries and corporate programs.

“The process of managing airline pricing can be dramatically improved with technology that provides critical data insights,” said Ronak Sheth, President & Chief Revenue Officer at Pricefx. “With Pricefx, Aeromexico will have best-in-class AI and analytics to improve its agency performance. This will be a major game changer and we are looking forward to working with Aeromexico to make it a reality.”

Aeromexico was recently interviewed about why they selected Pricefx and their implementation plans. The video interview is available on Pricefx’s YouTube channel.

About Grupo Aeromexico
Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico’s global airline has its main hub at Mexico City International Airport. Its destinations network features the United States, Canada, Central America, South America, Asia, and Europe. The Group's operating fleet is comprised of Boeing 787 and 737 jet airliners and Embraer 190 models. Aeromexico is a founding member of the SkyTeam airline alliance, which celebrated its 21st anniversary, and serves 170 countries with its 18 SkyTeam airline partners. Aeromexico created and implemented a Health and Sanitization Management System (HSMS) to protect its customers and employees at all steps of its operations.

About Pricefx
Pricefx is the global leader in SaaS pricing software, offering a comprehensive suite of solutions that are fast to implement, flexible to configure and customize, and friendly to learn and use. Based on cloud-native architecture, Pricefx delivers a complete price optimization and management platform that provides the industry’s fastest time-to-value and lowest total cost of ownership. Its innovative solution works for B2B and B2C enterprises of any size, in any industry, in any part of the world. Pricefx’s business model is entirely based on the satisfaction and loyalty of its customers. For enterprises facing pricing challenges, Pricefx is the cloud pricing optimization, management, and CPQ platform to dynamically Plan, Price and Profit.

Spotlight

Qantas Orders Airbus A350s and Boeing 787s To Replace A330s and A380s

In late August, Australia's flag carrier Qantas announced an underlying profit of $2.47 billion australian dollars. It immediately set about spending it on new aircraft with a big announcement. Indeed, after much speculation, Qantas confirmed it had placed firm orders for Airbus A350 and Boeing 787 aircraft to ultimately replace its fleet of A330 and A380 jets.

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Qantas Orders Airbus A350s and Boeing 787s To Replace A330s and A380s

In late August, Australia's flag carrier Qantas announced an underlying profit of $2.47 billion australian dollars. It immediately set about spending it on new aircraft with a big announcement. Indeed, after much speculation, Qantas confirmed it had placed firm orders for Airbus A350 and Boeing 787 aircraft to ultimately replace its fleet of A330 and A380 jets.

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Canada Aviation and Space Museum to Include Draganfly Drone Technology in Canada Day Event Celebrations

Globenewswire | July 05, 2023

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Sidus Space Acquires Edge Artificial Intelligence (AI) Company, Exo-Space

Sidus Space | August 23, 2023

Sidus Space a satellite manufacturing and space services company, announces its strategic acquisition of Exo-Space, a cutting-edge California-based firm specializing in Edge Artificial Intelligence (AI) software and hardware for space applications. This transaction signals Sidus's determination to tap into the growing AI sector and expand its offerings in the Earth and Space Observations services market. Pursuant to the terms of the acquisition agreement Sidus has acquired Exo-Space's assets in a combination of cash, stock options, and performance bonus incentives in alignment with Sidus’ growth into an AI-enabled space services company. Exo-Space brings a current revenue stream of commercial and government contracts extending through 2025, as well as a pipeline of potential clients. The deal is projected to have a positive impact on Sidus's earnings before interest, taxes, depreciation, and amortization (EBITDA). “This accretive acquisition expands our talent, technology, and total addressable market. Along with sales contracts and existing AI technology, the transaction includes the acquisition of Exo-Space’s collective experience in AI and machine learning.” said Carol Craig, Founder and CEO of Sidus Space. “This transaction provides the opportunity for us to enhance our presence in the Earth and Space Observations markets by providing actionable solutions for our customers' needs as opposed to just raw data. The integration of Exo-Space EdgeAI technology with Sidus’ sensors provides significant value and transformative potential across various domains.” Exo-Space occupies a unique niche in the realm of U.S. owned Edge AI computing, concentrating on both software and hardware solutions for space assets that utilize faster processing speeds. 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A distinguishing feature of Exo-Space's solution is its adaptability, designed to smoothly integrate the latest processor advancements. Proprietary hardware-agnostic software allows this flexibility. The synergy between Sidus’ satellite constellation, Edge Computing, and AI platform is expected to deliver substantial enhancements in leveraging space-based data. Jeremy Allam, Chief Executive Officer of Exo-Space, commented, “By joining the Sidus team and integrating our AI capabilities into LizzieSat, we can now better deliver the benefits of space-based AI to more customers and on a shorter timeline than was previously possible.” Sidus believes this strategic acquisition solidifies Sidus Space's position as a frontrunner in the space technology sector, poised to leverage AI advancements to revolutionize the acquisition and utilization of space-derived data. 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The Company is located in Cape Canaveral, Florida, where it operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on vertically integrated Space-as-a-Service solutions including end-to-end satellite support. Sidus Space has a mission of Bringing Space Down to Earth™ and a vision of enabling space flight heritage status for new technologies while delivering data and predictive analytics to domestic and global customers. Any corporation, industry, or vertical can start their journey off-planet with Sidus Space’s rapidly scalable, low-cost satellite services, space-based solutions, and testing alternatives. More than just a “Satellite-as-a-Service” provider, Sidus Space is a trusted Mission Partner–from concept to Low Earth Orbit and beyond. Sidus Space is ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.

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Airshare Signs Letter of Intent for Wheels Up Aircraft Management Business

PRnewswire | August 10, 2023

Airshare today announced that it has signed a Letter of Intent to purchase Wheels Up's aircraft management business. Once signed, the deal is expected to close in the third quarter, subject to customary approvals and closing conditions. "Our management team has worked diligently to establish a strong foundation for us to intelligently grow the company, and this potential acquisition is a direct result of those efforts," said John Owen, President and CEO of Airshare. "Aircraft management has become a core source of revenue for Airshare. Adding aircraft capacity and valuable owner relationships to our rapidly expanding managed fleet positions us very well for the future." Wheels Up Chairman of Operations Dave Holtz said the company is looking forward to working closely with Airshare through the process as a proven operator with a strong record of success in the aircraft management space. "Airshare has our same dedication to the customer and focus on extraordinary service, and we believe this will be a great destination for our managed fleet and team," Holtz said. "As we looked for a strong partner, Airshare's commitment to aircraft management and overall customer experience stood out." Airshare, headquartered in Overland Park, KS, is one of the fastest growing companies in private aviation. Over the past 23 years, Airshare has offered a full suite of private aviation solutions, including their revolutionary days-based fractional ownership and EMBARK jet cards, aircraft management, charter services and third-party maintenance. Airshare has significantly extended its geographic footprint due to customer demand, including recent expansion into Chicago and South Florida. With this potential acquisition, Airshare would have aircraft management customers nationwide, setting the stage for faster growth in aircraft management, fractional and charter programs and continuing the company's long-term expansion plans. "One aspect that sets us apart from other private aviation companies is the access Airshare customers have to our complementary services," said Owen. "If interested, aircraft management customers can generate revenue by chartering their aircraft to our established base of fractional and charter customers. We also have many aircraft owners who own fractional shares or EMBARK jet cards to provide them with supplemental lift. We're excited for every aircraft owner to experience everything Airshare has to offer." Foulston Siefkin LLP is serving as legal counsel to Airshare. Jefferies, LLC is acting as the exclusive financial advisor and Kirkland & Ellis LLP is serving as legal counsel to Wheels Up. ABOUT AIRSHARE Airshare fits the way you fly. Founded in 2000 and headquartered in Overland Park, Kan., the company offers a holistic suite of private aviation solutions including fractional ownership, jet cards, aircraft management, charter services and third-party maintenance. Airshare operates a fleet of super-midsize and light jets within their fractional and EMBARK jet card programs to customers across the United States, including recent expansion into Florida. The company provides aircraft management and charter services nationwide, while also performing comprehensive maintenance services for third-party aircraft. Airshare has received IS-BAO Stage 3 and ARGUS Platinum designations, meeting the highest international standards for safe flight operations.

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Canada Aviation and Space Museum to Include Draganfly Drone Technology in Canada Day Event Celebrations

Globenewswire | July 05, 2023

Draganfly Inc (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is proud to announce their inclusion in the Canada Day celebrations at the Canada Aviation and Space Museum in Ottawa, Ontario on, July 1, 2023. The Canada Aviation and Space Museum has one of the most extensive aviation collections in Canada. Its collection consists of over 130 aircraft and artifacts, focusing on the history of Canadian aviation and its global impact. “It is an honor for Draganfly to be recognized as a pioneer in the aviation industry and to have our latest technology on display alongside other great Canadian aerospace companies at the Canada Aviation and Space Museum,” said Cameron Chell, President, and CEO of Draganfly. Visitors to the Canadian Achievements Drone Zone exhibit will see Draganfly's latest cutting-edge drone technology, the Heavy Lift Drone and Commander 3 XL. Draganfly’s Heavy Lift Drone is a versatile, industrial, multirotor unmanned aerial vehicle (UAV) designed to lift more and fly further. Capable of automated missions and manual flight operations, Draganfly’s heavy-duty, robust UAV has a payload lift capacity of 67 pounds and up to 55 minutes of flight time. Draganfly’s Commander 3 XL Drone is a high-endurance, weather-resistant, multirotor UAV designed for easy assembly and rapid deployment. The “Swiss Army Knife” of drones can drop and winch-down systems to transport up to 22lb of payload. It performs extremely well in light rain and snow. About Draganfly Draganfly Inc. is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize how organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 24 years, Draganfly is an award-winning industry leader serving the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.

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Sidus Space Acquires Edge Artificial Intelligence (AI) Company, Exo-Space

Sidus Space | August 23, 2023

Sidus Space a satellite manufacturing and space services company, announces its strategic acquisition of Exo-Space, a cutting-edge California-based firm specializing in Edge Artificial Intelligence (AI) software and hardware for space applications. This transaction signals Sidus's determination to tap into the growing AI sector and expand its offerings in the Earth and Space Observations services market. Pursuant to the terms of the acquisition agreement Sidus has acquired Exo-Space's assets in a combination of cash, stock options, and performance bonus incentives in alignment with Sidus’ growth into an AI-enabled space services company. Exo-Space brings a current revenue stream of commercial and government contracts extending through 2025, as well as a pipeline of potential clients. The deal is projected to have a positive impact on Sidus's earnings before interest, taxes, depreciation, and amortization (EBITDA). “This accretive acquisition expands our talent, technology, and total addressable market. Along with sales contracts and existing AI technology, the transaction includes the acquisition of Exo-Space’s collective experience in AI and machine learning.” said Carol Craig, Founder and CEO of Sidus Space. “This transaction provides the opportunity for us to enhance our presence in the Earth and Space Observations markets by providing actionable solutions for our customers' needs as opposed to just raw data. The integration of Exo-Space EdgeAI technology with Sidus’ sensors provides significant value and transformative potential across various domains.” Exo-Space occupies a unique niche in the realm of U.S. owned Edge AI computing, concentrating on both software and hardware solutions for space assets that utilize faster processing speeds. Exo-Space’s current operations complement Sidus’ established U.S. DoD/Intelligence relationships. Jared Novick, Senior Vice President of Strategy & Special Projects, added, “Exo-Space’s combination of space hardened hardware and resilient software made this an attractive acquisition in creation of value to both our customers and shareholders.” He also added, “The concept of offering customers a special "rideshare" opportunity with a software platform to upload, change, and improve analytics of payloads onboard is a forward-thinking and innovative approach. This idea aligns with the increasing demand for flexibility and customization in satellite missions and data collection.” Sidus believes the acquisition of Exo-Space will seamlessly integrate stand-alone AI and machine learning products into Sidus' business lines, with the ability to market the hardware for third-party purchase. A distinguishing feature of Exo-Space's solution is its adaptability, designed to smoothly integrate the latest processor advancements. Proprietary hardware-agnostic software allows this flexibility. The synergy between Sidus’ satellite constellation, Edge Computing, and AI platform is expected to deliver substantial enhancements in leveraging space-based data. Jeremy Allam, Chief Executive Officer of Exo-Space, commented, “By joining the Sidus team and integrating our AI capabilities into LizzieSat, we can now better deliver the benefits of space-based AI to more customers and on a shorter timeline than was previously possible.” Sidus believes this strategic acquisition solidifies Sidus Space's position as a frontrunner in the space technology sector, poised to leverage AI advancements to revolutionize the acquisition and utilization of space-derived data. Sidus has issued non-qualified stock option awards to purchase an aggregate of 3,955,212 shares of Class A common stock to certain former employees of Exo-Space. The stock options were granted as inducements material to the new employees becoming employees of Sidus in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $0.16 per share, which is equal to the closing price of Sidus’ Class A common stock on August 21, 2023. Each option will vest over a 4-year period, subject to the employee’s continued employment with Sidus on such vesting dates. Notwithstanding the foregoing vesting conditions, no portion of the options shall be exercisable prior to the second (2nd) anniversary of the date of grant. About Sidus Space Sidus Space is a Space Data-as-a-Service satellite company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support. The Company is located in Cape Canaveral, Florida, where it operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on vertically integrated Space-as-a-Service solutions including end-to-end satellite support. Sidus Space has a mission of Bringing Space Down to Earth™ and a vision of enabling space flight heritage status for new technologies while delivering data and predictive analytics to domestic and global customers. Any corporation, industry, or vertical can start their journey off-planet with Sidus Space’s rapidly scalable, low-cost satellite services, space-based solutions, and testing alternatives. More than just a “Satellite-as-a-Service” provider, Sidus Space is a trusted Mission Partner–from concept to Low Earth Orbit and beyond. Sidus Space is ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.

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Business Aviation

Airshare Signs Letter of Intent for Wheels Up Aircraft Management Business

PRnewswire | August 10, 2023

Airshare today announced that it has signed a Letter of Intent to purchase Wheels Up's aircraft management business. Once signed, the deal is expected to close in the third quarter, subject to customary approvals and closing conditions. "Our management team has worked diligently to establish a strong foundation for us to intelligently grow the company, and this potential acquisition is a direct result of those efforts," said John Owen, President and CEO of Airshare. "Aircraft management has become a core source of revenue for Airshare. Adding aircraft capacity and valuable owner relationships to our rapidly expanding managed fleet positions us very well for the future." Wheels Up Chairman of Operations Dave Holtz said the company is looking forward to working closely with Airshare through the process as a proven operator with a strong record of success in the aircraft management space. "Airshare has our same dedication to the customer and focus on extraordinary service, and we believe this will be a great destination for our managed fleet and team," Holtz said. "As we looked for a strong partner, Airshare's commitment to aircraft management and overall customer experience stood out." Airshare, headquartered in Overland Park, KS, is one of the fastest growing companies in private aviation. Over the past 23 years, Airshare has offered a full suite of private aviation solutions, including their revolutionary days-based fractional ownership and EMBARK jet cards, aircraft management, charter services and third-party maintenance. Airshare has significantly extended its geographic footprint due to customer demand, including recent expansion into Chicago and South Florida. With this potential acquisition, Airshare would have aircraft management customers nationwide, setting the stage for faster growth in aircraft management, fractional and charter programs and continuing the company's long-term expansion plans. "One aspect that sets us apart from other private aviation companies is the access Airshare customers have to our complementary services," said Owen. "If interested, aircraft management customers can generate revenue by chartering their aircraft to our established base of fractional and charter customers. We also have many aircraft owners who own fractional shares or EMBARK jet cards to provide them with supplemental lift. We're excited for every aircraft owner to experience everything Airshare has to offer." Foulston Siefkin LLP is serving as legal counsel to Airshare. Jefferies, LLC is acting as the exclusive financial advisor and Kirkland & Ellis LLP is serving as legal counsel to Wheels Up. ABOUT AIRSHARE Airshare fits the way you fly. Founded in 2000 and headquartered in Overland Park, Kan., the company offers a holistic suite of private aviation solutions including fractional ownership, jet cards, aircraft management, charter services and third-party maintenance. Airshare operates a fleet of super-midsize and light jets within their fractional and EMBARK jet card programs to customers across the United States, including recent expansion into Florida. The company provides aircraft management and charter services nationwide, while also performing comprehensive maintenance services for third-party aircraft. Airshare has received IS-BAO Stage 3 and ARGUS Platinum designations, meeting the highest international standards for safe flight operations.

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