Interactive Flight Technologies announces pact with Spanish charter carrier, Oasis Airlines.NEW YORK--(BUSINESS WIRE)--May 1, 1996--Marking its entry into the Charter Carrier market, Interactive Flight Technologies Inc. (Nasdaq: FLYT) today announced it has signed a letter of intent with Spanish carrier Oasis International Airlines, S.A. for the installation of its Inflight Entertainment Network, complete with casino-style gaming. IFT IFT Institute of Food Technologists IFT Institut für Fenstertechnik (German: Institute for Window Technology) IFT Illinois Federation of Teachers IFT Integrated Flight Test IFT Interfacial Tension IFT Institute for Tropospheric Research expects to begin installation of the two Airbus A-310, 255 passenger planes, this summer. "We are extremely pleased to make this announcement on the heels of the signing of our contract with Debonaire deb·o·nair also deb·o·naire adj. 1. Suave; urbane. 2. Affable; genial. 3. Carefree and gay; jaunty. Airlines," said Michail Itkis, chief executive officer of IFT. "Similar to Debonaire, IFT's system will offer passengers a complete spectrum of inflight entertainment options, including casino style gambling, more than 20 high-quality digitized movies on-demand and video games See video game console. ." Itkis continued, "This is a significant event for IFT because it represents our first installation on a charter carrier, a new market with significant potential for our inflight entertainment system." Based in Madrid, Spain, Oasis Airlines offers all economy, charter flights from Spain to the Caribbean and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , and from Spain to points in the Far East. The airline also has flights from Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. to Majorca. The casino-style games are expected to include slots, poker, black jack, lotto and keno. Passengers will access the system by a credit card swipe and enter the amount of money they wish to have in credits. As with the video-on-demand, this proprietary system allows passengers to touch the screen to begin casino style gaming. Winning will be credited back to their credit cards. IFT was the first company to offer airline passengers totally digital inflight entertainment feature video-on-demand when they signed a contract with Alitalia Airlines last November. IFT's proprietary system offers true video-on-demand and more than 20 digitized movies per flight, which can be started, paused, and stopped at any time. This 100 percent interactive system responds totally to a passenger's touch. A 9.5 inch color video screen, the largest on any airline, provides high-quality digitized movies. CONTACT: Rubenstein Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Adam Mazur, 212/843-8073 (Media contact) Dina Silva sil·va also syl·va n. pl. sil·vas or sil·vae 1. The trees or forests of a region. 2. A written work on the trees or forests of a region. , 212/843-8057 (Investor contact) |
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