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November 30, 2007 |
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ALL NIPPON: Inks Five-Year Deal with IBS Software Services All Nippon Airways Co. Limited has inked a multi-million five- year deal with IBS Software Services to provide integrated supply chain management solution for their cargo business, Monster and Critics reports. IBS, in a press release, stated that its new-generation cargo management system, iCargo, will address current and future business requirements of ANA's entire airfreight operation, which has grown in revenue and load by over 20% in the last fiscal year, notes the report. ANA's senior vice-president on information technology services, Toru Sato, explained to Monster and Critics that the airline's decision to choose iCargo was prompted by the need for a system that would help them address the rapidly growing air cargo business around the world. Mr. Sato added that the deal with iCargo will help improve ANA's service quality, enhance profitability by optimizing capacity utilization, and conform to future requirements of the industry, notes Monster and Critics. IBS, conveys the report, is headquartered at the Technopark IT campus in India and is a leading global provider of new generation IT solutions to the travel, transportation and logistics industries. iCargo, adds Monster and Critics, is an integrated system which comprehensively addresses cargo reservations, capacity control, rating, load planning, cargo terminal operations, ground handling, revenue accounting and yield management requirements of cargo carrying airlines. About All Nippon Headquartered in Tokyo, All Nippon Airways Co., Limited -- http://www.ana.co.jp/eng/ -- is Japan's second-largest airline company in terms of revenue. The company, which was founded in 1952, provides these services: 1. Scheduled air transportation business; 2. Nonscheduled air transportation business and business utilizing aircraft; 3. Business of buying, selling, leasing and maintenance of aircraft and aircraft parts; and 4. Aircraft transportation ground support business, including passenger boarding procedures and loading of hand baggage. The Troubled Company Reporter-Asia Pacific reported on April 20, 2007, that Moody's Investors Service placed the Ba1 senior unsecured debt ratings of All Nippon Airways Co., Ltd. under review for possible upgrade. The rating action reflects ANA's high and stable profitability despite the ongoing price hikes of aircraft fuel, as well as Moody's view that the company's financial flexibility is likely to be further improved by its recently announced asset disposition related to its hotel business. |
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