Stars (NASDAQ:TSG)
Historical Stock Chart
From Aug 2019 to Aug 2024
![Click Here for more Stars Charts. Click Here for more Stars Charts.](/p.php?pid=staticchart&s=N%5ETSG&p=8&t=15)
Sabre Airline Solutions, the global leader of software
and services for the airline industry from planning to execution,
today announced that Jeju Air has signed an agreement for the
maintenance, repair and overhaul (MRO) solution offered through
Sabre's recently established global alliance with Ramco.
Jeju Air, Korea's first regional airline, is a new low-cost
carrier based on the Korean island of Cheju. This MRO system will
enable the airline to efficiently maintain and engineer its fleet in
order to achieve optimal utilization of resources, outstanding
performance and a decrease in costs.
"The Ramco MRO System provided by Sabre Airline Solutions will
help us reduce operational and overhead costs," said Yong Ho Kim,
advisor to the CEO for Jeju Air. "At the same time, the application
will enable us to optimize inventory, increase operational performance
and aircraft availability, and improve overall business process
efficiency. We look forward to the multiple benefits offered by this
system."
The Ramco MRO System automates and integrates all aspects of
airline maintenance, including line, shop, hangar, engineering and
materials management, providing tangible cost reductions while fully
complying with regulatory and safety measures. This full
Web-architected solution incorporates advanced technologies, such as
built-in workflow, digital signature (e-signatures), fax/email
interfaces, electronic flight bag (EFB), mobile computing/WAP
technologies, bar coding, user reporting tools, graphical information
display and integration with automated warehousing carousals. It is
SEI-CMM Level 5 certified and provides accurate and detailed
projection of direct and indirect maintenance costs. The Ramco MRO
System will be implemented in Korea, with support offices in the U.S.,
Uruguay and India.
"The Ramco MRO System will deliver significant benefits for Jeju
Air," said Steve Clampett, president of Airline Products and Services
for Sabre Airline Solutions. "By ensuring safety and regulatory
compliance as well as minimizing costs and ensuring performance for
this low-cost carrier, we can offer Jeju Air significant competitive
advantages in the areas of maintenance and engineering that are
unbeatable in the marketplace today."
"The Jeju business model is an example of the needs in the
industry being satisfied with the combined offering from Sabre Airline
Solutions and Ramco's MRO Applications, said Jim Fitzgerald, senior
vice president of Ramco's Global Aviation Solutions Group. "The
low-cost start up model is prominent on every continent. Every new
operator requires the same level of functionality as the legacy
carriers. Sabre and Ramco deliver that advanced web-centric
functionality in a turn-key low total cost of ownership through the
Sabre-Ramco alliance."
About Sabre Airline Solutions
Sabre Airline Solutions, a Sabre Holdings company, is the world's
largest provider of products to help airlines market, sell, serve and
operate from planning to execution. More than 200 airlines use its
broad portfolio of decision-support tools to increase revenues and
improve operations. More than 100 airlines rely on Sabre Airline
Solutions for passenger management solutions, while a similar number
have turned to the company's consulting group for strategic,
commercial and operational advice. More than 650 contracts worldwide
were signed in 2005 for Sabre Airline Solutions' leading technology
solutions.
Sabre Holdings (NYSE:TSG) connects people with the world's
greatest travel possibilities by retailing travel products and
providing distribution and technology solutions for the travel
industry. More information about Sabre Holdings is available at
http://www.sabre-holdings.com.
Sabre Airline Solutions and the Sabre Airline Solutions logo are
trademarks and/or service marks of an affiliate of Sabre Holdings
Corporation. All other trademarks, service marks, and trade names are
the property of their respective owners.
About Ramco
Ramco Systems is a leading Aviation Maintenance & Engineering
(M&E) and Maintenance, Repair & Overhaul (MRO) software provider.
Ramco's Aviation & MRO Solution offers end-to-end aviation enterprise
software crafted exclusively for fleet operators and MRO providers.
For more information, visit Ramco online at
http://www.ramcoaviation.com.