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Apr 06, 2010

Etihad will manage its codeshare flights with SchedConnect from Lufthansa Systems.

Etihad will manage its codeshare flights with SchedConnect from Lufthansa Systems.

Both companies recently signed a three-year contract to this effect. In 2009, Etihad expanded its network by over 150 % through new codeshare agreements. The airline currently cooperates with 19 codeshare partners. With SchedConnect Etihad can optimize its codeshare management which leads to cost savings and higher revenues.    

SchedConnect is the most advanced system of its kind available today and offers a high degree of automation. Each day, it calculates the optimum codeshare assignments based on the current flight schedules. The system processes up to 15 million schedule changes of all SchedConnect customers every month. If a minimum connecting time is violated due to a schedule change or if a partner flight is cancelled, SchedConnect assigns automatically the marketing flight number to another suitable connecting flight. Changes are sent through the reservation systems to travel agents and customers as well as to the operations and passenger-related systems of the airlines involved.    

Etihad Airways is the national airline of the United Arab Emirates based in the UAE’s capital, Abu Dhabi. Etihad offers flights to more than 50 destinations in the Middle East, Europe, North America, Africa, Asia and Australia.

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Mar 30, 2010

First Russian customer opts for Sirax AirFinance Platform    

First Russian customer opts for Sirax AirFinance Platform    

With Aeroflot the first Russian airline has decided to implement the Sirax AirFinance Platform from Lufthansa Systems. The IT provider will implement several modules of the Sirax AirFinance Platform at the airline: Sirax Revenue Accounting, SiraxCredit, and SiraxCargo. The companies signed a five-year contract to this effect. With the innovative IT solution, Aeroflot will optimize both, passenger and cargo revenue accounting processes leading to increased profitability.    

"We opted for Sirax because it is a reliable and proven solution that covers all our financial processes and fully meets our requirements. With the modern system we will enhance the efficiency of our revenue accounting processes and reduce costs", said Kirill Bogdanov, CIO at Aeroflot.    

The Sirax AirFinance Platform from Lufthansa Systems is the first integrated platform to optimize all of an airline’s financial processes. It has enabled Lufthansa Systems' customers to achieve considerable savings in their finance department. Leading carriers who deployed this integrated finance solution were able to reduce their operating costs in this area by up to 45 percent and total costs by more than 35 percent. Lufthansa Systems works closely with IATA to ensure that it not only meets current standards but is also well prepared for future developments such as SIS (Simplified Interline Settlement) and EMD (Electronic Multipurpose Document).    

"We are very proud to add Aeroflot as the first Russian customer for the Sirax AirFinance Platform to our customer base. The airline's decision further strengthens our position in the Russian market and demonstrates the value of our solutions", said Stefan Auerbach, Senior Vice President Sales EMEA at Lufthansa Systems.    

By checking ticket sales against actual flight data, the Sirax revenue accounting solution speeds up the accounting process. The highly automated system also helps to control processes that involve a variety of complex rates, codeshare agreements, alliances, as well as taxes and fees. It delivers precise, timely information for the management and the accounting division of an airline. With SiraxCargo airlines can also optimize their cargo revenue accounting processes. The module supplies reliable data for numerous business processes – including reservations, pricing, billing and accounting. In addition, SiraxCredit enables airlines to charge all types of credit card sales to the respective card issuer. The solution features fast, precise and fully automated accounting.    


Note to editors:    
Lufthansa Systems is one of the leading IT service providers for the airline and aviation industries worldwide. As a systems integrator, the wholly-owned subsidiary of the Lufthansa Group covers the entire range of IT services, including consulting, development and implementation of industry solutions and operation. Lufthansa Systems provides its infrastructure and consulting services to a variety of industries. Headquartered in Kelsterbach near Frankfurt/Main, Germany, the company has offices in Germany and 14 other countries and employs about 3,000 people worldwide. In business year 2009, Lufthansa Systems recorded revenues of EUR 605 million.

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Mar 25, 2010

LOT Polish Airlines continues to rely on GroundSolutions/Web, the Internet check-in solution from Lufthansa Systems.

LOT Polish Airlines continues to rely on GroundSolutions/Web, the Internet check-in solution from Lufthansa Systems.

Both companies recently renewed their contract for another three years. The agreement also includes the use of additional functionalities such as the new Internet upgrade feature.    

The GroundSolutions Platform from Lufthansa Systems covers all major check-in channels including kiosk, mobile device, Internet and robot as well as boarding. LOT benefits from a user-friendly solution which allows them to tailor their services to the passengers’ needs. With the Internet upgrade feature, passengers can buy an upgrade to Business Class while checking in online. They can choose between payment via credit card or by spending their bonus miles. The new feature enables LOT to individually control the availability and pricing of the upgrade offers depending on the booking situation of every single flight. This way the airline can generate extra revenues in times of permanently low yields.    

LOT is Poland’s largest air carrier. The Warsaw-based company was established in 1929 and operates scheduled passenger and cargo services. The airline offers flights to over 50 destinations in Europe and North America. The airline carries about 3.9 million passengers per year.

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Mar 23, 2010

Precise data drive fast settlement processes and revenue growth    

Precise data drive fast settlement processes and revenue growth    

For airlines, revenue accounting is a highly complex, time-consuming and labor-intensive process. At the same time, accurate and fast accounting is crucial for their profitability. The Sirax AirFinance Platform from Lufthansa Systems provides airlines with a key competitive advantage by both automating and accelerating the accounting process. The platform enables airlines to promptly collect outstanding payments in full, thus increasing their revenue. The deployment of this integrated platform also reduces financial costs.    

The Sirax AirFinance Platform from Lufthansa Systems is the first integrated platform to cover the entire financial management of an airline, from revenue accounting to cost control. The modular solution addresses the full spectrum of airline requirements. All modules work seamlessly together, enabling customers to optimize all of their finance processes.    

The platform's Sirax Revenue Accounting module offers airlines an extremely capable system for managing their revenue accounting process. Sirax currently processes around 450 million coupons a year, automatically comparing ticket sales with actual flight data. Integrated sub-processes support the billing of interline flights. Based on this analysis, the actual revenues are then calculated within a very short time. Airlines which use the Sirax AirFinance Platform to settle tickets with their interline partners can generate additional revenues of up to US$2 per passenger thanks to more exact calculations. For a medium-size airline with around 750,000 interline passengers, this could boost revenues by up to US$1.5 million.    

"By deploying the Sirax AirFinance Platform, our customers can generate additional revenues while simultaneously reducing costs through automated processes. In addition, airlines can also reduce IT costs in their finance departments by migrating from legacy systems to the latest technologies", explains Bernd Appel, Senior Vice President Industry Solutions at Lufthansa Systems.    

Leading carriers employing the solution managed to reduce costs in this area by up to 45 percent and total costs by more than 35 percent. The platform solution from Lufthansa Systems also offers customers a decisive strategic advantage. Since airlines can quickly gain a comprehensive overview of their financial situation, they can rapidly respond to changing conditions. The system delivers a daily analysis of route profitability along with precise revenue analysis by sales regions – broken right down to individual cities. Airlines can use these data to decide whether to adjust capacities or, if necessary, to step up marketing activities.    

In the area of finance, Lufthansa Systems works closely with IATA as a strategic partner to ensure that the company's solutions not only support current standards but also take future developments into account. Indeed, Sirax is now one of the first revenue accounting solutions to support the latest IATA initiatives Simplified Interline Settlement and Electronic Multipurpose Document. In order to meet IATA requirements, it is more cost-efficient for most airlines to migrate to the Sirax AirFinance Platform than to invest in their legacy systems.    


Note to editors:    
Lufthansa Systems is one of the leading IT service providers for the airline and aviation industries worldwide. As a systems integrator, the wholly-owned subsidiary of the Lufthansa Group covers the entire range of IT services, including consulting, development and implementation of industry solutions and operation. Lufthansa Systems provides its infrastructure and consulting services to a variety of industries. Headquartered in Kelsterbach near Frankfurt/Main, Germany, the company has offices in Germany and 14 other countries and employs about 3,000 people worldwide. In business year 2009, Lufthansa Systems recorded revenues of EUR 605 million.

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