SINGAPORE, Feb. 27, 2019
/PRNewswire/ -- Vietnam Airlines, the fastest growing carrier
in Southeast Asia and Sabre
Corporation (NASDAQ: SABR), the leading technology provider to
the global travel industry, were joined by President of the United
States of America Donald Trump, and
President of the Socialist Republic of Vietnam, General Secretary of the Communist
Party of Vietnam Nguyen Phu Trong, at the Presidential Palace in
Hanoi, for the signing of a
memorandum of understanding (MOU) between Sabre and Vietnam
Airlines and its subsidiary.
The MOU describes Vietnam Airlines' intention to significantly
expand their existing strategic relationship with Sabre, with a
potential value of over US$300
million. The scope of the signed MOU includes innovative
technology from the Sabre AirVision and AirCenter portfolio, that
will complement SabreSonic, Vietnam Airlines' existing
Passenger Service System (PSS), which was recently renewed.
Together, Sabre's solutions will help contribute to the carrier's
profitability and digital abilities once implemented, supporting
their objective to become a digital airline by 2020.
Leveraging Sabre's leading Commercial Platform, the MOU
contemplates that Sabre's innovative Sabre In-Flight solution would
be the first to be adopted by the airline following today's
announcement. The solution, which has driven cost savings of up to
10 percent of the total catering budget, would also enhance the
airlines' operational efficiency. Additionally, the MOU
contemplates a new, long-term domestic content distribution
agreement for Vietnam Airlines through the Sabre Global
Distribution System (GDS).
A growing domestic subsidiary of the Vietnam Airlines group
would also onboard the SabreSonic PSS under the MOU in an effort to
enhance the synergy within the Group. The deal contemplated by the
MOU, which is expected in the coming months, would provide a single
integrated passenger technology platform across both airlines.
"Vietnam Airlines is pleased to build on the existing agreement
with Sabre our trusted, long-term technology provider, to include
advanced solutions that will propel our business into the
future. Our Digital Transformation program is essential to
our continued success and onboarding these solutions from Sabre
directly support our efforts to achieve the Skytrax 5-star status,"
said Duong Tri Thanh, president and
CEO, Vietnam Airlines. "We are well-prepared for the Industry 4.0
revolution and soon to embark on the ultimate digital journey,
providing seamless customer experience and improved operational
efficiency," he added.
"This announcement reaffirms our role as a strategic technology
provider to one of the region's leading carriers, Vietnam Airlines.
Over the last year, our alliance has evolved both on the content
distribution and airline solutions front, and we look forward to
working with the carrier to provide a holistic approach to
retailing, distribution and fulfillment," said Dave Shirk, president, Travel Solutions.
"Today's announcement demonstrates Sabre's forward-looking
approach, and our ongoing commitment to Asia's continued growth and success," he
added.
This announcement comes within one year of Sabre and Vietnam
Airlines announcing an extended agreement for SabreSonic, Sabre's
Passenger Service System valued at over 400
million US dollars, and the renewal of a long-term content
distribution agreement through the Sabre Global Distribution
System. The MOU expands the relationship between both industry
leaders, and further strengthens the results-driven alliance that
has developed between the two corporations for more than 20
years.
About Sabre Corporation
Sabre Corporation is the
leading technology provider to the global travel industry. Sabre's
software, data, mobile and distribution solutions are used by
hundreds of airlines and thousands of hotel properties to manage
critical operations, including passenger and guest reservations,
revenue management, flight, network and crew management. Sabre also
operates a leading global travel marketplace, which processes more
than US$120 billion of global travel
spend annually by connecting travel buyers and suppliers.
Headquartered in Southlake, Texas,
USA, Sabre serves customers in more than 160 countries around the
world.
About Vietnam Airlines
Vietnam Airlines- a member of
SkyTeam Alliance- is the flag carrier of Vietnam and the major carrier in the
South East Asia, operating 97
routes to 22 domestic and 29 international destinations with an
average of 400 flights per day. Vietnam Airlines is the first
airline in the world to successfully operate both next-generation
aircraft Boeing 787-9 Dreamliner and Airbus A350-900 XWB at the
same time.
Skytrax- the world's leading airline and airport rating
organization- has ranked Vietnam Airlines as a 4-Star Airline for 3
consecutive years. Vietnam Airlines has spearheaded Vietnam's aviation market - one of the
fastest-growing domestic markets in the world - throughout 20 years
of development at a double-digit annual growth rate. Positioning
itself as a modern carrier with an internationally
recognizable brand characterized by Vietnamese
traditional culture, Vietnam Airlines aims to achieve 5-star status
and become a major airline in Asia.
SABR-F
Media Contacts:
Maxime-Elisabeth Illick
Sabre Public Relations – Asia
Pacific
Email: maxime.illick@sabre.com
Telephone: +65 6426 0088
Heidi Castle
Sabre Public Relations – United
States
Email: heidi.castle@sabre.com
Telephone: +1 682-605-4290
Vietnam Airlines Public Relations
Email: public-relations@vietnamairlines.com
Telephone: +84 903242577
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SOURCE Sabre Corporation