SINGAPORE, May 22, 2019 /PRNewswire/ -- Sabre
Corporation (NASDAQ: SABR), the leading technology provider to
the global travel industry, announced a new long-term agreement
with national carrier Vietnam Airlines, which has adopted the
industry-leading, Sabre AirVision In-Flight solution. In line with
a recently announced memorandum of understanding describing Vietnam
Airlines' intention to significantly expand their existing
strategic relationship with Sabre, In-Flight is expected to drive
substantial efficiencies and cost savings for the airline.
"Vietnam Airlines is pleased to deepen its partnership with
Sabre. As the fastest growing flag carrier in Southeast Asia, we continually look for
innovative technology solutions to propel our business into the
future," said Trinh Ngoc Thanh,
executive vice president, Vietnam Airlines. "In addition to
optimizing our onboard catering and provisioning, In-Flight will
also enable a connected view across all our catering functions and
provide advanced integration and automation capabilities that will
positively contribute to our margin," he added.
As part of Sabre's Commercial Platform offering, In-Flight can
help an airline to drive cost savings of up to 10% of their total
catering budget by enabling a seamless integration between the
airline and its catering partners, regardless of their location,
thanks to its automated planning and communication capabilities. A
joint business value workshop also estimated that In-Flight could
contribute to a reduction in meal wastage to less than 1% and
inventory costs by close to 4% over the next five years.
"Sabre In-Flight will enhance the carrier's operational
efficiency as Vietnam Airlines strives to become one of
the largest airlines in the region by 2024," said Dasha Kuksenko, Vice President, Regional General
Manager, North Asia, Travel
Solutions, Airlines. "We are excited to continue to strengthen this
longstanding relationship."
This announcement follows a highly publicized signing of a
memorandum of understanding between Sabre and Vietnam Airlines,
covering a range of innovative technology solutions. The event was
held at the Presidential Palace in Hanoi, and was attended 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.
The carrier also recently extended their agreement to utilize
SabreSonic, Sabre's passenger service system (PSS), and renewed a
long-term content distribution agreement through the Sabre Global
Distribution System (GDS) over the past year. Today's announcement
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 Contact:
Maxime-Elisabeth Illick
+65 6426 0088
maxime.illick@sabre.com
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SOURCE Sabre Corporation