( 2 Mar 2022, 11:27 +07)
Sabre has accomplished the sale of its AirCentre
airline operations portfolio to CAE.
The transaction, valued at US$392.5 million,
contains the Sabre AirCentre product portfolio, associated expertise
and mental property in addition to the switch of AirCentre’s
crew members from Sabre to CAE.
The divestiture of AirCentre helps
efforts to streamline its product portfolio as a way to focus extra
intently on its expertise transformation in addition to plans
to establish and maximize new income alternatives for the corporate
and its clients.
“Immediately’s announcement marks an necessary milestone
for Sabre as we take daring steps towards reaching our imaginative and prescient to be
held because the premier international expertise platform in journey,” mentioned
Sean Menke, Sabre CEO. “With the shut of this transaction, Sabre
is best positioned for the longer term and able to ship on the
incremental income and progress alternatives which might be earlier than us.”
Thai Smile cabin crew at BKK. Image by Steven Howard of TravelNewsAsia.com
Sabre’s Airline Operations enterprise employs nearly
500 folks positioned in 12 international locations, together with 6 hubs (Dallas,
Bangalore, Vienna, Krakow, Montevideo, and Shanghai). It delivers
software program options to greater than 150 airline clients, with a
portfolio that features:
Allows enhanced long-term planning, modern monitoring and
administration, and disruption administration determination help to assist
carriers handle crew schedules and hold crew members knowledgeable with
Permits airways to handle the core capabilities of flight operations
to ship environment friendly flight plans and help elevated
Helps airways to achieve a aggressive benefit by optimizing the
use of plane and operational plans to assist meet industrial
targets corresponding to defending schedules, decreasing disruptions and
minimizing passenger affect.
Manages airport operations corresponding to planning, gate assignments and
staffing to help elevated operational effectivity, assist
optimize prices and enhance the shopper expertise.
all points of service planning, meal ordering, forecasting,
operations, supplies administration, monetary controls and
“We’re more than happy to welcome Sabre’s Airline
Operations clients and workers to CAE,” mentioned Marc Mum or dad,
CAE’s President and CEO. “This acquisition, along with our
ongoing technological transformation and our earlier acquisitions
of Merlot and RB Group, permits us to broaden our attain into
digitally-enabled flight and crew administration and optimization
companies and create further worth for our clients.”
CAE has been finishing up a progress technique with
the intent to emerge from the COVID19 pandemic as a bigger, extra
resilient, and extra worthwhile firm than ever earlier than. The acquisition, the ninth accretive acquisition
for CAE for the reason that COVID19 pandemic started, additional expands
CAE’s attain throughout its broad buyer base past simulators and
pilot coaching and set up the corporate as a expertise chief in
the rising market for industry-leading, digitally enabled
flight and crew operations options.
CAE acquired Merlot and RB Group in December 2020
and April 2021, respectively.