SINGAPORE, 28 September, 2017 — Air Black Box Asia Pacific Pte Ltd welcomes Jeju Air Co Ltd of Korea as its newest investor. Jeju Air, which gains a seat on the company’s Board of directors, joins Scoot Tigerair Pte Ltd, ANA Holdings Inc, Nok Air Public Company Ltd, Cebu Air Inc., and VaultPAD Ventures Ltd as company investors. The Board will now comprise 10 members and an independent Chairperson.
The investment further solidifies Air Black Box’s commitment to this region. Air Black Box powers the Value Alliance group of airlines and this investment will assist in solidifying the alliance’s position as the major low-cost carrier network in the Asia Pacific region. The Value Alliance’s stated goals are to grow the footprints via a wider connection, and to provide a high degree of customer care with exceptional fares across an unparalleled route network.
In welcoming Jeju Air, Mr William Liu, Chairman of Air Black Box Asia Pacific said: “There is a new world order in the airline industry. Legacy technologies are increasingly to be less relevant. It’s about the customers and enabling them to get to where they want to go without restrictions, and it requires innovative technology like Air Black Box’s award winning Air Connection Engine, to enable airlines to service these customers; Jeju Air through this investment has recognised this. ”
About Air Black Box Asia Pacific Pte Ltd
Air Black Box Asia Pacific Pte Ltd is a joint venture founded by Scoot Tigerair Pte Ltd, a wholly-owned subsidiary of Singapore Airlines Group, Nok Airlines Public Company Ltd, ANA Holdings, Cebu Pacific Air Inc., and VaultPAD Ventures Ltd, which includes the Air Black Box platform in its portfolio. Jeju Air Co Ltd will be the latest founding shareholder of the company.
Air Black Box has built an award winning innovative software platform that allows diverse airlines to connect and cooperate both seat inventory and ancillaries sales opportunities.
ABB Technologies is the winner of WIT Innovative Technology of The Year 2016, CAPA Innovation Technology of the Year 2016, and more recently voted top 100 Innovations Worldwide 2016 by CIO 100. Visit us at www.airblackbox.com
About Jeju Air Co Ltd
As a pioneer in the LCC in Korea, Jeju Air is the longest largest Korean LCC in terms of passenger numbers, fleet, revenues and net profits. Over the last 12 years, Jeju Air has led Korea’s airline trend, resulting in easier and more affordable air travel for everyone. Known for its fun and friendly service, innovative promotional fares and K-popand TV celebrities like TVXQ. Song Joongki, Kim Soohyun, Lee Minho and Big Bang as brand ambassador, Jeju Air has gained a reputation for setting the Korean aviation industry standard.
Jeju Air and our team of more than 2,200 aviation professionals carry almost 10 million passengers a year to over 42 routes through an expansive network in Korea, Japan, China, Southeast Asia, Guam and Saipan with an average of 180 daily flights. Jeju Air is listed on the Korean Stock Exchange. Please visit www.jejuair.net
About ANA Holdings Inc.
ANAHD is an aviation group with global operations and a total of 64 consolidated subsidiaries and 16 equity method affiliates. It is divided into passengers and cargo services segments as well as airline related business such as Catering and IT Services. ANAHD was formed in April 2013 and is the parent company of ANA; full- service carrier, and Vanilla Air and Peach Aviation; LCCs.
ANA HD promotes a multi-brand strategy to leverage the strength of ANA brand and stimulate demand in markets not completely covered by its full-service airline offering, while expanding market share for the Group as a whole, leading to enhanced value. ANA has 254 aircraft flying to 87 destinations and carrying about 52 million passengers per year. ANA is the largest airline in Japan by revenues and passenger numbers. ANA is a member of Star Alliance. Management vision of ANAHD is: “It is our goal to be the world’s leading airline group in customer satisfaction and value creation.” Please visit www.ana.co.jp
About Cebu Air Inc. (PSE: CEB)
Cebu Air Inc. is the largest carrier in the Philippine air transportation industry, offering its low-cost services to more destinations and routes with higher flight frequency within the Philippines than any other airline.
CEB currently offers flights to a total of 37 domestic and 26 international destinations, operating an extensive network across Asia, Australia, the Middle East, and the US. Its 60-strong fleet is comprised of two Airbus A319, 36 Airbus A320 and eight Airbus A330. Between 2017 and 2022, CEB expects delivery of 7 more brand-new Airbus A321ceo and 32 Airbus A321neo aircraft.
For bookings and inquiries, guests can visit www.cebupacificair.com or call the reservation hotlines (+632)7020-888 or (+6332)230-8888. The latest seat sales can be found on CEB’s official Twitter (@CebuPacificAir) and Facebook pages. Guests may also download the Cebu Pacific official mobile app on the App Store and Google Play.
About Nok Air Public Co Ltd
Nok Air, Thailand’s low-cost carrier, continues to expand its network as the carrier with the distinctive personality, the unique and colourful fleet brings its warm service and professional standards to every corner of the Thai kingdom, at some of the most affordable prices. Nok Air offers free services such as seat selection, 15 kg luggage allowance, a cutting-edge distribution and payment channel, as well as Wi-Fi on board. Since first launching in 2004, Nok Air operates from Bangkok’s Don Mueang International Airport with a fleet of Boeing 737-800, Q400 NextGen, and ATR-72 500 aircraft, serving 24 domestic and two international airports.
Nok Air has grown to become the Thai airline that most closely reflects the Thai way of doing things – serving its passengers with a sense of fun, yet always focusing on safety and excellent performance. For more information, please visit: www.nokair.com
About Scoot Tigerair Pte Ltd
Scoot is the low-cost arm of the Singapore Airlines Group. Scoot took to the skies in June 2012 and merged with Tigerair Singapore in July 2017, retaining the Scoot brand and positioning it well for a new chapter of growth.
Scoot has carried over fifty million guests and now operates a fleet of 15 state of the art, widebody Boeing 787 Dreamliners and 23 young and modern Airbus A320 family aircraft, with five more Boeing 787 Dreamliners and 39 Airbus A320neo aircraft on order. Scoot’s network presently encompasses 60 destinations across 17 countries, with Harbin, Honolulu, Kuantan, Kuching and Palembang to join the network soon.
Scoot provides – in addition to fantastic value airfares – a safe, reliable and contemporary travel experience with a unique attitude – Scootitude. Offering amenities including on-board Wi-Fi Internet connectivity and in-seat power on selected aircraft as well as the ability to redeem and accrue Singapore Airlines KrisFlyer miles, Scoot was voted 2015, 2016 and 2017 Best Low Cost Airline (Asia/Pacific) by AirlineRatings.com and ranked in the Top 10 of the World’s Best Low-Cost Airlines in 2015 by Skytrax.
Scoot is passionate about changing the way people travel long distance. Book your tickets at FlyScoot.com or contact our Call Centre. Find out more on FlyScoot.com, Facebook.com/FlyScoot, Instagram.com/FlyScoot, and Twitter.com/flyscoot.
About VaultPAD Ventures
VaultPAD Ventures (VPV) is a private aviation, travel and tourism venture accelerator with offices in the United Kingdom and Singapore.
It invests in a number of aviation and travel technology related businesses worldwide focusing on infrastructure and advanced technologies.
VPV was founded in 2011 and has invested in over 12 companies in the space. VPV is the major investor in ABB and retains the largest share ownership.
About Value Alliance
Value Alliance is the world’s first pan-regional Low Cost Carrier (LCC) alliance comprising eight Asia Pacific market champions. Its members – Cebgo, Cebu Pacific, Jeju Air, Nok, NokScoot, Scoot, Tigerair Australia and Vanilla Air – provide unparalleled access to more than 160 destinations from 17 hubs across Australia, North Asia and South East Asia, covering a third of the world. In 2016, the airlines collectively served close to 50 million travellers with a combined fleet of 176 aircraft.
Powered by ABB’s revolutionary technology, travellers will be able to book flights offered by any Value Alliance partner at the most competitive fare when they visit any member website. While doing so, they can also select from the full range of service options in a single transaction.
With a reach that spans a third of the world, Value Alliance will offer guests multi-destination itineraries at great value and the convenience of booking connecting flight options at one go. The Alliance also provides a framework for further cooperation amongst member airlines, which includes shared services, in order to enhance the overall guest experience. Visit us at www.valuealliance.com
For more information please contact Mildred Cheong, General Manager, Air Black Box Asia Pacific Pte Ltd. Email: email@example.com