Croatia Airlines to focus on revenue optimisation

GLOBAL AVIATION NEWS

Air Arabia to set up Armenian carrier

UAE-based low-cost carrier Air Arabia is partnering with the Armenian National Interests Fund (ANIF) to launch a new national airline in the southern Caucasian country, adding to a glut of airline launches around the world during the coronavirus pandemic. The two partners are setting up a new joint venture that will operate as a low cost airline using Yerevan’s Zvartnots International Airport as its base. A deal was signed in Yerevan on July 14, witnessed by Armenian Prime Minister Tigran Avinyan and Air Arabia Chairman Sheikh Abdullah Bin Mohammed Al-Thani. ANIF is the government’s foreign direct investment fund. The name of the new carrier has not yet been decided on, but Armenians have been invited to submit ideas by a deadline of August 14. Other details including a launch date, the makeup of the fleet, the destination network and the shareholding structure have also yet to be announced. Air Arabia was set up in 2003 and flies from the UAE emirates of Sharjah and Ras al Khaimah. Over the years it has set up a number of offshoots, including Air Arabia Maroc, Air Arabia Egypt and, most recently, Air Arabia Abu Dhabi, which launched in July 2020. It has also been linked to a possible move into the Algerian market. As with the new Armenian venture, these have all been set up with other investors. Armenia’s local aviation sector is currently very limited. There are five airlines but all of them are small and serve a limited range of nearby countries. Larger international carriers also fly in to Zvartnots, including Air Arabia itself, as well as FlyDubai, Russia’s S7 Airlines and Qatar Airways.
Source: Forbes

Croatia Airlines to focus on revenue optimisation

NEWS FLASH

Croatia Airlines and the Sabre Corporation, one of the leading technology providers to the global travel industry, have announced the renewal of their long-standing partnership, with the Croatian carrier to begin using Sabre's AirVision Revenue Oprimiser. The two sides inked a cooperation agreement over four years ago when Croatia Airlines became a customer of Sabre's revenue management products. The new revenue optimisation suite of technology solutions helps airlines to take a 360-degree approach to forecasting, analysing, and optimising their revenue streams, by providing real-time visibility into the total revenue for every flight, every market and every departure date. The product offering is designed to allow airlines to make the most of their inventory and help break down data silos that may exist across the airline enterprise. Croatia Airlines' CEO, Jasmin Bajić, said, "We are laser-focused on delivering a premium passenger experience and that is much easier if our bottom line is healthy". He added, "It is essential that we protect our revenue by setting the right price and maximizing the number of seats sold. Sabre's state-of-the-art revenue optimisation solutions are key to making this happen by providing us with actionable insights based on customer demand, competitive landscape and a myriad of other factors".

Comments

Anonymous11:05
What revenue management system have they used until now?
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Anonymous11:46

Jednostavno napisite necemo svaki dan hraniti LH hubove za nista. Samo AS nije dobila nista sa Sabreom. Bacen novac na 360 degree vision. Nevidjena marketinska glupost.
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