Galileo
International, Inc. (NYSE: GLC), a leading provider of electronic global
distribution services (GDS) for the travel industry, announced today
that seven members of the carriers that comprise the ARABI group have
signed a multi-year agreement with Galileo that is expected to generate
millions of travel bookings. This contract will run from January 2002
through December 31, 2008.
Since 1991, the Galileo® system has been the preferred system
distributed to travel agents, Internet travel Web sites and tour
operators based in the Middle East by the members of ARABI. The ARABI
group of airlines is part of AACO (Arab Air Carriers Organisation),
which is the regional association of Arab airlines with home bases in
countries within the Arab League of States. ARABI members include
Emirates Airlines, Saudi Arabian Airlines, Kuwait Airways, Egyptair,
Royal Jordanian, Syrian Arab Airlines and Yemenia. Galileo is the
leading GDS in the Middle East, providing services in 11 countries, and
has a market share of approximately 70 percent in the Middle East and
Africa region.
“AACO Project Carriers are keen to develop distribution channels in
their home markets, benefiting from Galileo's wide array of products. A
promising future lies ahead, based on the leading position of Galileo
and the history of fruitful partnership between AACO and Galileo during
the last decade, which has yielded double digit growth for AACO year on
year,” said Abdul Wahab Teffaha, AACO Secretary General and the Chairman
of the AACO Project Carriers team. “The decision of AACO to renew the
contract with Galileo is proof that all parties concerned want to build
on the successes that have been achieved in the previous years, and to
continue to expand our businesses through leading edge technology.”
“Galileo International has a long and proud tradition of working with
AACO and ARABI members, who have so successfully distributed Galileo's
products throughout the Middle East and taken us to our market leading
position,” said Gordon Wilson, vice president, Subscriber Sales and
Service, for Galileo's Europe, Middle East and Africa region. “Our new
agreement not only restates our commitment to each other, but it also
significantly enhances our level of co-operation in the service of the
travel community in these key markets, positioning Galileo to further
grow its business in support of the economic development of the Middle
East region.” |