October 5, 2004

Lufthansa Systems and Finnair today announced that they have signed an agreement for the implementation of the SIRAX revenue accounting system. Finnair will use SIRAX, the airline industry solution developed by Lufthansa Revenue Services and Lufthansa Systems, to control its entire revenue accounting processes.

The system manages airline accounting processes by comparing ticket sales with concrete flight data. Integrated sub-processes also support the billing of interline flights between airlines. The SIRAX system is an important and necessary controlling tool especially against the backdrop of complex fares, code share agreements, alliances and air travel taxes and fees. The system also provides detailed and timely information for an airline's management and accounting department. SIRAX is an important milestone towards achieving optimized revenue accounting business processes and significantly reduced costs.

"We selected SIRAX because this complete solution from Lufthansa Systems is the best in the market. The system is backed up by the comprehensive expertise of the Lufthansa Systems revenue accounting experts. We expect improved accounting quality and control, increased productivity due to the highly automated nature of the software and significant additional revenue after implementing SIRAX," says Markku Artti Head of Revenue Accounting at Finnair.

SIRAX is a user-friendly and scalable system that can be easily adapted to specific customer needs. The solution is based on a technologically advanced client/server system.

Lufthansa Systems will start the implementation project in October 2004 and expects to finish it by commencing routine operations of the complete system in second half of 2005. The collaboration with Finnair is a further step towards establishing SIRAX as the standard revenue accounting solution in the airline market.

Finnair and Lufthansa Systems can look back on several years of successful cooperation. Just this March, the two companies signed a five-year deal for the use of ProfitLine/Price to optimize the airline's pricing system. Furthermore, Finnair has been using NetLine/Plan to efficiently manage its medium- and long-term route planning since 1997 and NetLine/Sched to analyze the operational capacity of individual aircraft.

Note to editors:
Lufthansa Systems is one of the leading IT service providers for the airline and aviation industries worldwide. As systems integrator, the wholly-owned subsidiary of the Lufthansa Group covers the entire range of IT services, including consulting, development, implementation and operation. Lufthansa Systems provides its IT infrastructure and operations services to a variety of industries. Headquartered in Kelsterbach near Frankfurt/Main, Germany, the company has branches in Germany and 13 countries and employs about 4,400 people worldwide. In business year 2003, Lufthansa Systems recorded sales of EUR 610.7 million.