Sabre and Gulf Air Boost Middle East Presence with New Joint Venture.
SOUTHLAKE, Texas Southlake is a city located primarily in the northeastern part of Tarrant County, Texas. A small northernly region of the city is in Denton County, Texas. The population was 21,519 at the 2000 census. -- Sabre and leading Middle East carrier Gulf Air today announced that they have signed an agreement to create a joint venture to be based in Bahrain. The establishment of this new company, Sabre Travel Network Sabre Travel Network (STN) is the line of technology developed by Sabre Inc. that services travel agencies directly. Sabre Travel Network began when the Sabre Computer reservations system was installed in Briarcliff Manor, New York in 1960. Middle East, brings together the world's leading global distribution system (GDS GDS Global Distribution System
GDS Google Desktop Search (Google)
GDS Goodie Domain Service (Vienna University of Technology, Austria)
GDS Guards ) and the vast local expertise of Gulf Air to further extend world-class products and services into the Middle East region. Sabre will have a majority ownership in the new business.
The agreement includes a five-year contract with Sabre Airline Solutions Sabre Airline Solutions is a subsidiary of Sabre Holdings. The main product of Sabre Airline Solutions is the SabreSonic system. This provides departure control, reservations, and, inventory management. for the SabreSonic suite of products for passenger management, as well as additional operational software and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.)
service - work done by one person or group that benefits another; "budget separately for goods and services" from Sabre Airline Solutions.
Gulf Air and Sabre Travel Network have had a marketing partnership for nearly 15 years. The joint venture gives Sabre a stronger presence in the Middle East through Gulf Air, an influential local partner and an established regional carrier which, as the national airline of Abu Dhabi Abu Dhabi (ä`b thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. , Bahrain and Oman, enjoys complete support from its owning governments. The venture will provide technology services, bookable adj. 1. subject to being reserved or booked.
Adj. 1. bookable - subject to being reserved or booked; "all seats bookable in advance"
reserved - set aside for the use of a particular person or party
bookable travel products and distribution services for travel agencies, corporations and travel suppliers in the region.
"The immense challenges facing the airline industry today require a concerted collaborative effort with specialist partners in both the public and private sectors," said James Hogan hogan
Dwelling of the Navajo Indians of Arizona and New Mexico. The hogan is roughly circular and constructed usually of logs, which are stepped in gradually to create a domed roof. , president and chief executive of Gulf Air. "Sabre's innovative business and technology solutions make them a partner of choice in meeting our requirements and addressing the constant challenges of the competitive market. At the same time, Gulf Air's regional network and strong historic and geographic ties in the region will enable us to further leverage the services we offer."
Tom Klein, senior vice president and group president of Sabre Travel Network and Sabre Airline Solutions of Sabre Holdings Sabre Holdings or Sabre, Inc. is an American travel technology company, encompassing several brands in three global travel distribution channels: travel agency, airline, and direct to consumer. These areas are serviced by TSG's three main business groups. , added, "This partnership is another example of the way we can deliver even more value in a growing travel marketplace. We are excited about the opportunity to leverage our global experience, long history of successful supplier and agency relationships, and technology expertise to benefit both travel suppliers and agencies."
The agreement also expands the relationship between Sabre Airline Solutions and Gulf Air for reservations, scheduling and operational technology to include a new departure control system through the SabreSonic offering and an aircraft provisioning system to streamline its catering operation. Gulf Air will engage the consulting services from Sabre for a major performance improvement exercise to optimize the full commercial advantage from the operational tools and technology the airline is using, including expanded operations decision support technology.
"In the course of our restructuring programme, Sabre's consulting team has worked closely with us to achieve significant revenue enhancement revenue enhancement
An increase in revenues, especially by way of increased taxes. Revenue enhancement includes reducing taxpayer deductions and eliminating tax credits. through an ongoing focus on pricing, revenue management and sales and revenue realization," said Hogan.
"The breadth of products and services offered by Sabre Travel Network and Sabre Airline Solutions provides one-stop shopping for industry-leading tools that help customers increase revenue, enhance customer service, drive efficiency, and reduce costs," said Klein. "For airlines, this means a very collaborative effort to explore the tough challenges, and then leverage our expertise to help ensure that each carrier has the right mix of technology and marketing services to meet its current and future business objectives.
"We are clearly seeing a trend whereby carriers are looking at partnering with a vendor that can offer both breadth and depth of solutions across the airline IT portfolio, including distribution, software, and consulting services," continued Klein. "We are pleased to see Gulf Air select the same path as Aeroflot, the Russian flag-carrier, Air One, the Italian carrier, and Frontier, the U.S.-based carrier -- all carriers that have chosen a vendor partnering strategy in the last eight months."
Sabre Inc. will be the majority owner of record owner of record
See holder of record. for Sabre Travel Network Middle East.
About Gulf Air
Gulf Air was founded in 1950. Today, it is owned by the Kingdom of Bahrain, Oman and the Emirate e·mir·ate
1. The office of an emir.
2. The nation or territory ruled by an emir.
Noun 1. emirate - the domain controlled by an emir of Abu Dhabi and is the only truly pan Gulf carrier in the region. The airline's network stretches from Europe to Asia and covers 50 cities in 33 countries. The fleet is one of the most modern in the Middle East and comprises 35 aircraft.
The airline is in the last year of a three-year strategic recovery programme, headed by president and chief executive, James Hogan. The airline, which is making rapid strides towards regaining profitability in 2005, aims to further evolve by taking its renowned cultural strengths, which have been gained over more than half a century, into a global environment.
The dramatic turnaround in Gulf Air's fortunes has won international recognition. In January 2004, The Centre for Asia Pacific Aviation (CAPA CAPA California Alternate Performance Assessment
CAPA Captaris, Inc (stock symbol)
CAPA Confederation of Asian and Pacific Accountants
CAPA Creative and Performing Arts (school) ) presented the airline with the prestigious Airline Turnaround of the Year Award for 2003. Gulf Air was also the recipient of the 2003 Platinum Award for the Best Airline in the Middle East and North Africa, recognizing the airline's commitment to service excellence.
Winner - Middle East and North African North Africa
A region of northern Africa generally considered to include the modern-day countries of Morocco, Algeria, Tunisia, and Libya.
North African adj. & n.
Adj. 1. Platinum Best Airline Travel Award 2004
Winner - Skytrax Most Improved Airline Award 2004
Winner - Skytrax Best First Class Onboard Refers to a chip or other hardware component that is directly attached to the printed circuit board (motherboard). Contrast with offboard. See inboard. Food Category 2004
Winner - Skytrax Best Business Class Check-in Category 2004
About Sabre Travel Network
Sabre Travel Network, a Sabre Holdings company, provides access to the world's leading global distribution system (GDS) enabling agents at more than 53,000 agency locations worldwide to be travel experts. The Sabre GDS, the first system to connect the buyers and sellers of travel, today includes more than 400 airlines, approximately 60,000 hotels, 37 car rental companies, nine cruise lines
NCL America America
AIDA Cruises Europe
American Cruise Lines America , 35 railroads and 220 tour operators. Key brands of Sabre Travel Network include GetThere, the leading Web-based corporate travel reservation technology, and Jurni Network Jurni Network is a travel consortium developed by Sabre Travel Network that specializes in improving the way travel agencies market to customers. Jurni was spun-off in 2003 from Sabre's then newly acquired Nexion Inc.
About Sabre Airline Solutions
Sabre Airline Solutions, a Sabre Holdings company, is the world's largest provider of software products, reservations and departure control systems and other passenger management systems, and consulting services that help airlines simplify operations and lower costs. Sabre Airline Solutions' proven leadership is demonstrated by the growing number of airlines that leverage the technology and services: More than 200 airlines worldwide use Sabre Airline Solutions' broad portfolio of smart solutions for decision-support tools to increase revenues and improve operations. More than 100 airlines worldwide rely on Sabre Airline Solutions for passenger management solutions, with 15 new carriers added and nine carrier renewals for SabreSonic Res advanced reservations in 2003. In addition, more than 100 clients worldwide have turned to Sabre Airline Solutions consulting group for strategic, commercial and operational consulting. More than 500 contracts worldwide were signed in 2003 within Sabre Airline Solutions.
Sabre Holdings Corporation (NYSE NYSE
See: New York Stock Exchange :TSG TSG The Smoking Gun (web site)
TSG Technology Services Group (UK)
TSG Technical Specification Group
TSG Timing Signal Generator
TSG Technical Support Group
TSG Tumor Suppressor Gene
TSG ThermoSalinoGraph ) is a world leader in travel commerce, retailing travel products and providing distribution and technology solutions for the travel industry. More information about Sabre Holdings is available at http://www.sabre-holdings.com.
Statements in this release which are not purely historical facts, including statements about the expected benefits of this transaction to Sabre Holdings Corporation, or other statements about anticipations, beliefs, expectations, hopes, intentions or strategies for the future, may be forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements are based upon information available to Sabre Holdings Corporation on the date this report was submitted. Sabre Holdings Corporation undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including risks or uncertainties related to geopolitical ge·o·pol·i·tics
n. (used with a sing. verb)
1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation.
a. developments, such as the risk of terrorist attacks; and Sabre Holdings Corporation's revenues being highly dependent on the travel and transportation industries. Sabre Holdings Corporation may not succeed in addressing these and other risks. Further information regarding factors that could affect our financial and other results can be found in the risk factors section of Sabre Holdings Corporation's most recent filing on Form 10-Q Form 10-Q
See 10-Q. with the Securities and Exchange Commission.