SOUTHWEST | February 17, 2022
Southwest Airlines Co. (NYSE: LUV) (the "Company") is excited to announce it has joined the Vision 2045 campaign, a collaboration among multiple organizations and companies to share films and resources that aim to inspire businesses and people to take action toward a more sustainable future.
"Southwest® is honored to be part of the Vision 2045 campaign showcasing how the Company is making sustainability a priority through a series of near-term actions and long-term goals, while being the airline with Heart, We're thrilled to join other organizations from across the globe that are telling their stories and highlighting the collective effort through this innovative campaign."
-Stacy Malphurs, Vice President of Supply Chain Management and Environmental Sustainability for Southwest Airlines.
Sustainability is a priority for Southwest, and the Vision 2045 campaign highlights the Company's initiatives to address its environmental impact. This includes a 10-year plan to maintain carbon neutral growth to 2019 levels while continuing to grow its operations, and a long-term goal to achieve carbon neutrality by 2050.
ABOUT SOUTHWEST AIRLINES CO.
Southwest Airlines Co. operates one of the world's most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 121 airports across 11 countries. Celebrating its 50th Anniversary in 2021, Southwest took flight in 1971 to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline1. Based in Dallas and famous for an Employee-first corporate Culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. By empowering its more than 55,0002 People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among as many as 130 million Customers carried a year. That formula for success brought industry-leading prosperity and 47 consecutive years3 of profitability for Southwest Shareholders (NYSE: LUV). Southwest continues to develop tangible steps toward an environmental sustainability goal of achieving carbon neutrality by 2050, including offering an opportunity for Customers to contribute toward helping Southwest offset its carbon emissions.
AerAdvise Group | March 01, 2022
AerAdvise Group Debuts Landmark European Headquarters beside Dublin International Airport Ireland. The new AerAdvise European Headquarters are located at the 2nd Floor, No.1 Northwood Avenue, Dublin, Ireland.
"The decision to relocate comes as part of the company's ambitious 5 year growth strategy in Ireland providing specialist services to the international aviation markets. This move is a very pivotal start to the New year for us and highlights a solid commitment to our customers, partners and continued collaboration during a particularly challenging period for our industry globally. Our new European headquarters also provides the necessary new functional working space for staff with the added ability to host our customers and their clients during challenging projects. Moving forward in 2022 we will also see some further exciting news from the group in several areas including new hires to the business."
- AerAdvise Group CEO Patrick Toner
"To date the market has welcomed or TES "Technical Engineering Solutions" these include both our Technical Services, Records Reviews & CAMO offerings and through this, we will continue to expand these services further in the months ahead starting with our new records storage solution and onsite presentation of aircraft records."
-AerAdvise Chief Technical Officer Mr John Whitty
About AerAdvise Group
AerAdvise offers a suite of integrated specialist aviation solution services including Technical Services, Records Reviews & CAMO regulated services to aviation customers internationally.
777 Partners | May 06, 2022
777 Partners, a Miami-based private investment firm with a growing aviation and travel portfolio, announced the acquisition of Tel Aviv-based AeroCRS and Copenhagen-based WorldTicket.
The addition of AeroCRS and WorldTicket to 777 Partners' travel technology portfolio supports the company's ambitious technology strategy focused on delivering solutions that create new commerce channels for travel companies and improve next-generation retailing, distribution, interlining, and passenger connectivity.
"Changes within the travel sector have created an unprecedented opportunity for a new wave of highly disruptive companies focused on the latest retailing technology to partner with the wider travel community. We are delighted to welcome the talented AeroCRS and WorldTicket teams into the 777 family as we deliver on our exciting travel strategy through 2022 and beyond."
Joshua Wander, founder and managing partner of 777 Partners
777 Partners also leases aircraft and deploys technology solutions to its dynamic portfolio of airline investments, including Flair in Canada and the Australian start-up airline Bonza. With the 2019 acquisition of Air Black Box, an interlining technology company, the addition of AeroCRS and WorldTicket will form a new travel group offering a suite of disruptive technology products to airlines and travel companies worldwide. The acquisitions are part of 777 Partners' $100m commitment to the travel vertical and supporting the post-pandemic travel rebound and industry restructure through new disruptive technology opportunities.
Founded in 2006, Israel-based AeroCRS offers several travel-related products, including inventory management, reservations, and flight/fare management technology. The proven technology and product suite have been adopted significantly over the last two years as the aviation industry reviewed partnerships and distribution strategies. With cloud based and NDC level 4 technology at its heart, AeroCRS already hosts 90 airlines worldwide, with eight more in advanced implementation.
Meir Hadassi Turner, CEO & Founder of AeroCRS, said, "We are delighted to embark on our next exciting growth stage with 777 Partners. The adjacent synergies across the investment portfolio are significant and combined with 777's own proprietary technology and talent, we'll create a new travel group and a suite of travel solutions to support the growth and transformation of global start-up, low cost and full-service carriers of all sizes."
The acquisitions were led by Josh Wander and Steve Pasko, the founders of 777 Partners, and Adam Weiss, Chief Executive Officer of the firm's travel group who oversees all aviation and travel investments.
"Over the last two years, we have been focused on architecting and building a platform of interoperable, modular products which enable airlines, airports, and other travel companies to evolve their business models and regain control of passenger relationships by unencumbering themselves from legacy systems. These acquisitions significantly advance that effort." said Adam Weiss.
AeroCRS provides technology services and distribution connectivity to more than 90 travel companies worldwide since 2006. Its technology solutions include inventory management, yield & revenue management, fares & classes management, open API, B2C & B2B platform, fares branding, FFP, BI platform, reporting center, and many more technology services. In addition to the core software services, AeroCRS invented the AeroCRS Network. The Network is an online distribution platform for airlines based on API integrations globally to over 20 distribution channels. Any airline using the AeroCRS Network can increase sales and grow distribution reach no matter which Passenger Service System (PSS) solution it uses.
WorldTicket is a leading provider of Passenger Service Solutions (PSS) to airlines of all business models. Since 2002 the company has developed innovative and flexible airline IT solutions and is currently servicing more than 75 airlines worldwide. WorldTicket is headquartered in Copenhagen and has offices in Miami, Bangkok, Warsaw, Kyiv and Beijing. The global organization set-up allows 24/7 support for all airline customers across time zones. WorldTicket is the only PSS provider that has acquired its AOC holding airline, FlexFlight, with the IATA code W2. It allows the innovative company to sub-host any airline into the GDS without any long implementation times and upfront investments.
About 777 Partners
777 Partners is a Miami-based alternative investment firm that invests across several high-growth, attractive verticals. Founded in 2015, 777 Partners strategically invests across six broad industries: insurance; consumer and commercial finance; litigation finance; direct lending; sports, media and entertainment; and aviation. Within sports, notable investments include Genoa FC, a significant stake in Sevilla FC, one of Spain's most prestigious and successful football clubs, and the London Lions, London's only team in the British Basketball League team. Within travel, investments include AeroCRS, WorldTicket, Air Black Box and the ultra-low-cost carriers, Flair and Bonza.
TravelX | May 05, 2022
TravelX, the company building the travel industry's blockchain-based distribution protocol, announced a partnership with Kiu System Solutions via Kiu PSS - the comprehensive commercialization solution for airlines providing tools to manage inventory, reservations and tickets. This enables 73 airlines to tokenize and distribute inventory as NFTs through the blockchain ecosystem.
"At Kiu, we are focused on developing innovative and efficient solutions. This has been possible due to our vast experience in the industry and desire to provide new and better technologies to our clients and passengers. Through this partnership, we are excited to provide a new and innovative sales channel to our customers,"
Alberto Desimone, CEO and co-founder of Kiu
The strategic alliance allows airlines operating with Kiu to reduce distribution and transaction costs and increase revenue, while improving the traveler experience, by tokenizing and globally distributing inventory as NFTickets. NFTickets can be exchanged between actors in the blockchain network in accordance with smart contracts or parameters predefined by the service provider, generating additional revenue streams. Additionally, through transactions on the blockchain, refunds and exchanges are immediate and governed by automatically executed smart contracts, which saves money and time associated with customer service.
"We are very excited to be a part of the industry's first integration between a blockchain distribution protocol and PSS with the global reach of Kiu. Through this, more airlines will be able to experience the benefits that tokenization and blockchain provide in terms of cost efficiencies and revenue generation," adds Juan Pablo Lafosse, CEO and co-founder of TravelX. "We are proud that our partnership makes this all possible for airlines without the need for additional investments or technological developments on their side, as tokenizing inventory through blockchain is as easy as logging on and updating their agreement with Kiu."
TravelX was born in 2021 to reimagine the travel industry and accelerate its adaptation to Web3. One of TravelX's most innovative propositions is the tokenization of E-tickets, evolving them into NFTickets. The company plans to launch its first service and marketplace later this year.
TravelX is building a blockchain-based distribution protocol designed to create a more secure, decentralized, frictionless, transparent and efficient travel industry. The company's technology allows travel suppliers to more efficiently manage their inventory, unleashing use cases that enhance both travelers' flexibility and suppliers' profitability.