American Airlines, FareChase Settle Suit.
FORT WORTH, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States, and voted one of "America’s Most Livable Communities. -- FORT WORTH, Texas, June 13 /PRNewswire/ -- American Airlines and FareChase, Inc., a New York-based travel software company, today announced a settlement of the lawsuit the carrier filed last year in connection with FareChase's access to American's AA.com(R) Web site.
Under the terms of the agreement, American will license FareChase's "MarketView" software. American will also grant FareChase special access to AA.com for purposes of mutual benefit to both companies, including the ability to access the AA.com Web site in connection with American's EveryFare(SM) program.
FareChase has agreed to withdraw the appeal it had filed following the issuance of a temporary injunction temporary injunction n. a court order prohibiting an action by a party to a lawsuit until there has been a trial or other court action. A temporary injunction differs from a "temporary restraining order" which is a short-term, stop-gap injunction issued pending a in March. In exchange for American's consent allowing special access to AA.com, FareChase has agreed to abide by To stand to; to adhere; to maintain.
See also: Abide the terms of the temporary injunction on a permanent basis. Further details of the settlement are confidential.
"We are pleased to put this disagreement behind us and eager to build a constructive and mutually beneficial Adj. 1. mutually beneficial - mutually dependent
dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" relationship with the FareChase team," said Craig Kreeger, vice president-Passenger Sales.
"Our agreement with American is based upon our common commitment to improving distribution efficiency. We are pleased that American has chosen to license our 'MarketView' software as part of that effort," said Trey Urbahn, FareChase CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. .
"We are especially pleased that American also is implementing our Web Automation technology as a component of its innovative EveryFare distribution strategy," added Urbahn.
About American Airlines
American Airlines is the world's largest carrier. American, American Eagle and the AmericanConnection regional carriers serve nearly 275 cities in 50 countries and territories with approximately 4,300 daily flights. The combined network fleet numbers more than 1,100 aircraft. American's award- winning Web site, AA.com, provides users with easy access to check and book fares, plus personalized news, information and travel offers. American Airlines is a founding member of the oneworld Alliance.
About FareChase, Inc.
FareChase, Inc. is the leading provider of search engine technology for the travel enterprise. Established in 2000, the management team consists of Lior Delgo, President and co-founder; Trey Urbahn, Chief Executive Officer, and Ofer Shaked, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. and co-founder. The Chairman of the Board is Motti Kirschenbaum, developer of the High Tech Center, Ben Gurion Airport, Israel. Other Board members: Bill Burgess, Managing Director, DB Capital/Deutsche Bank; Hanan Gilutz, co-founder of Orbotech, Ltd., Alex Wilmerding, Principal, Boston Capital Ventures. Please visit http://www.farechase.com/ for a travel enterprise demonstration.
CONTACT: Corporate Communications of American Airlines, +1-817-967-1577, or email@example.com ; or Jeff Hodes of FareChase, Inc., +1-646-452-0660, or firstname.lastname@example.org
Web site: http://www.farechase.com/ http://www.amrcorp.com/