Comdata Aligns with Jet Fleet International to Provide Comprehensive Aviation Purchasing Card.BRENTWOOD, Tenn. -- Comdata Corporation (NYSE NYSE See: New York Stock Exchange : CEN CEN - Conseil Européen pour la Normalisation. A body coordinating standardisation activities in the EEC and EFTA countries. ), a leader in electronic payment transactions in the retail and transportation industries, today announced an alliance with Jet Fleet International (JFI JFI Journal of Forensic Identification JFI Judicial Family Institute JFI Journal of the Franklin Institute JFI Joint Fires Initiative JFI Jet Flight Information JFI Jam Functionality Interface ), a membership-based provider of favorably priced products and services to the general aviation industry. Through the agreement, all JFI member purchases will be transacted through Comdata's MasterCard(R)-branded payment product. "Comdata is the first company to issue a general purpose credit card for private aircraft owners and operators. To date, other credit instruments have been largely fuel-only cards," said Randy Morgan, senior vice president and general manager of Comdata's Business Services division. "Through JFI's negotiated discounts, our card will handle any purchase necessary to run a private fleet--fuel, catering, ground transportation, pilot training and more. Plus, JFI members will also have comprehensive reporting of all business activity, dramatic cost reduction through paperless activity and faster access to key business data in real time." Founded by legendary aviation figures Bob Hoover Robert A. "Bob" Hoover (born 1922) is a former air show pilot and United States Air Force test pilot. His personal trademark is a wide-brimmed straw hat and wide smile. Aviation career and Eugene Cernan Eugene Andrew Cernan (born March 14, 1934) is a retired United States Navy officer and a former NASA astronaut of Czech and Slovak ancestry. He has been into space three times: as co-pilot of Gemini 9A in June 1966; as lunar module pilot of Apollo 10 in May 1969; and as commander , JFI offers its membership negotiated discounts with hundreds of organizations which provide goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. to the general aviation industry. "This strategic alliance brings together two leaders in delivering high quality at a good value," Finn Moller, JFI president said. "JFI aggregates the buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. of single corporate and private jet aircraft owners. Comdata aggregates all the activity onto a single card for our members--one card, one invoice, hundreds of savings opportunities." About Comdata Comdata Corporation (www.comdata.com) is a leading provider of transaction and payment services. Comdata provides credit and debit processing and reporting for commercial fleets and merchants, electronic cash, gift and smart/chip card programs for retailers and governmental agencies, pay card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. for food, retail and other service industries, and point-of-sale equipment, software and auxiliary services for merchants and convenience stores. Headquartered in Brentwood, Tenn., Comdata employs more than 1,500 people nationally and internationally. Comdata is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Minneapolis-based Ceridian Corporation (NYSE: CEN). About Jet Fleet International Jet Fleet International was founded in 2003 by former astronaut Eugene "Gene" Cernan and aviation legend R.A. "Bob" Hoover. JFI negotiates preferred fleet pricing with aviation suppliers on behalf of hundreds of private and corporate jet owners worldwide. The JFI Alliance Partners consist of contract fuel programs, pilot training, flight planning, weather data, safety auditing/consulting, Enhanced Vision Systems, emergency medical equipment/services, satellite communications, pilot headsets, aircraft window repair and replacement, avionics upgrades and aircraft maintenance. The company has offices in Los Angeles and San Jose, Calif. More information on Jet Fleet International can be found at www.jetfleetinternational.com. |
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