Dienstag, 06. Dezember 2016

  • Pressemitteilung BoxID 344597

Advanced Inflight Alliance AG Acquires a Stake in GuestLogix Inc. - Changing the Face of the Passenger Experience Market

(lifePR) (Munich, ) 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 inflight service providers to offer airlines a more robust and complete solution for their inflight 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."

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