DGAP-News: Advanced Inflight Alliance AG: Acquires a Stake in GuestLogix Inc. - Changing the Face of the Passenger Experience Market
(firmenpresse) - DGAP-News: Advanced Inflight Alliance AG / Key word(s): Strategic
Company Decision/Miscellaneous
Advanced Inflight Alliance AG: Acquires a Stake in GuestLogix Inc. -
Changing the Face of the Passenger Experience Market
03.09.2012 / 07:51
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Corporate News/Press Release
Advanced Inflight Alliance AG Acquires a Stake in GuestLogix Inc. -
Changing the Face of the Passenger Experience Market
Munich, September 3, 2012 - Advanced Inflight Alliance AG (ISIN
DE0001262186; WKN 126218; located at: Schellingstr. 35, 80799 Munich) a
global leading provider of in-flight content and solutions, today announced
that it has acquired an 8.5 per cent equity stake in GuestLogix Inc., the
leading global provider of on-board retail and payment technology solutions
to airlines and the passenger travel industry. Advanced Inflight Alliance
AG has purchased 6 million common shares of GuestLogix for CAD 3 million
via a Private Placement transaction.
Based in Toronto, Canada, GuestLogix is listed on the Toronto Stock
Exchange (TSX) and services approximately 90 per cent of North American
airline passenger traffic and 40 per cent of global airline passenger
traffic.
Advanced Inflight Alliance AG's investment in the airline retail and
payments market is part of the company's global strategy to change today's
existing business model of in-flight service providers to offer airlines a
more robust and complete solution for their in-flight needs.
Louis Bélanger-Martin, CEO of Advanced Inflight Alliance AG, explained:
'Advanced Inflight Alliance AG's stake in GuestLogix is a significant
milestone in the evolution of the passenger experience industry, as it
connects two major industry players. Through our investment, we are not
only supporting GuestLogix' continued growth, but helping progress the
passenger experience industry overall by providing airlines with a more
robust end-to-end service offering including Inflight Entertainment
content, wireless content and connectivity, software and now shopping and
payment opportunities.'
Tom Douramakos, CEO of GuestLogix, commented: 'Advanced Inflight Alliance
AG's investment in GuestLogix is a strong testament to our worldwide
leadership position in the on-board retailing market and our ability to
deliver continued growth.'
Advanced Inflight Alliance AG
End of Corporate News
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03.09.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Advanced Inflight Alliance AG
Schellingstr. 35
80799 München
Germany
Phone: +49 (0)89 613805-0
Fax: +49 (0)89 613805-55
E-mail: info(at)aialliance.com
Internet: www.advanced-inflight-alliance.com
ISIN: DE0001262186
WKN: 126218
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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183870 03.09.2012
Themen in dieser Pressemitteilung:
advanced-inflight-alliance-ag-acquires-a-stake-in-guestlogix-inc
changing-the-face-of-the-passenger-experience-market
Unternehmensinformation / Kurzprofil:
Datum: 03.09.2012 - 07:51 Uhr
Sprache: Deutsch
News-ID 179635
Anzahl Zeichen: 6273
contact information:
Kategorie:
Business News
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