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About Sabre Corporation Sabre Corporation is the leading technology provider to the global travel industry. Sabre’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. About Vietnam Airlines Vietnam Airlines was founded in 1956, when the Vietnam Civil Aviation Department was established by the Government, and was officially established as the country’s national flag carrier in 1993. Vietnam Airlines has become a major competitor in the Asian aviation market, owning a modern fleet of Airbus and Boeing planes flown by well trained professionals. Beginning with non-regular domestic services, today Vietnam Airlines operates to 21 cities throughout the country and 28 international destinations in Asia, Europe, and Australia, with a network extending to 26 countries and territories. In 2010, Vietnam Airlines joined SkyTeam, the world’s second largest global airline alliance, affirming the carrier’s new position on the global aviation map as the strategic partner of the alliance in Southeast Asia region as well as its international standard services. Positioning itself as a young, modern carrier whose brand is characterized by Vietnamese traditional culture and internationally recognized, Vietnam Airlines is purchasing world’s most modern, environment-friendly aircraft, such as Boeing 787 and Airbus A350-900 and making constant efforts to improve its service quality. The airline is striving to become one of the most favourable carriers in the Asia-Pacific region. Media Contact Maxime-Elisabeth Illick Public Relations Manager Email: maxime.illick@sabre.com Telephone: +65 6426 0088 [1] https://oxfordbusinessgroup.com/news/vietnam-tourism-arrival-numbers-first-half-2017Press Release
Vietnam Airlines renews distribution agreement with Sabre, strengthening the companies’ 24-year partnership
SINGAPORE – 30 April 2018 – Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, today announced a renewed, long-term distribution agreement with Vietnam Airlines. Under this agreement, Vietnam Airlines’ content will continue to be distributed through Sabre’s leading global travel marketplace, further supporting its growth objectives.
“This renewed partnership with Vietnam’s national carrier helps to strengthen the brand as they continue to expand globally and implement an ambitious business plan,” Rakesh Narayanan, vice president, air line of business, Sabre Travel Network Asia Pacific. “We are pleased that Vietnam Airlines acknowledges Sabre as a strategic partner, based on the tested and proven solutions that we offer, which have generated impressive results over the course of our 24-year relationship. We will continue to support Vietnam Airlines by providing their content to Sabre connected agencies around the world,” he added.
According to official forecasts made by the Vietnam National Administration of Tourism, arrival numbers should increase from 17 million to 20 million visitors by 2020[1]. As Vietnam faces aggressive domestic and international consumer demand, convenient access to Vietnam Airlines’ content will become increasingly important to meet their objective, which is to become one of the largest airlines in the region by 2024.
Sabre continues to be the market leader with key strategic markets across Asia Pacific. By distributing Vietnam Airlines’ content to its international network of agents and providing the airline with innovative solutions that support its operations, Sabre’s cutting-edge technology will contribute to Vietnam Airlines’ ongoing success.