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Gateretail and Black Swan form alliance; no gategroup IPO The partnership benefits from the use of
Inflight retail specialist gateretail (a member of gategroup) has partnered with predictive analytics technology provider Black Swan Data.
Dubbed as a ‘game-changing alliance’ the aim is to redefine aviation through new tools and infrastructure. The objective of the partnership is also to
open up new levels of passenger choice and airline revenue streams. Leveraging Black Swan’s data-driven passenger experience software and gategroup’s global retail network, which serves more than 700m passengers a year, the alliance intends to transform aircraft into retail shops in the sky. According to gateretail, the partnership
will allow travellers to use their personal electronics devices to browse and purchase movies, music, food, travel, duty free and WiFi packages. Airlines will be able to cater to passenger
product preferences on current, connecting and future flights and share in new and expanded revenue opportunities.
LSG reveals 2017 consolidated revenue increase
The LSG Group has reported consolidated revenues of €3.2bn ($3.9bn) in the 2017 business year, an increase of +0.8% over the previous corresponding period in 2016. Changes in the group of consolidated
companies contributed to sales growth of €7m ($8.6m) The Group also achieved an Adjusted
EBIT (Earnings Before Interest and Taxes) of €66m ($81m), which is €36.5m ($45m) below the 2016 figure, primarily due to the increase in transformation costs. According to the company, major growth
areas are seen in onboard and convenience retail, ‘because of the considerable global market potential of those segments.’ Chief Executive Officer Erdmann Rauer
(pictured left alongside Dr. Joe Elias, Founder, Retail inMotion; and Stefan Patermann, RetailinMotion CEO) said: “On the one
hand, we have started the streamlining of our own production landscape in Europe and confirmed the viability of a network- oriented production approach for our classic catering services.” “On the other, we have re-affirmed our
leading position as a holistic onboard retail provider by improving our technological capabilities and acquiring new customers on all continents as a result.” The LSG Group is the world’s leading
provider of end-to-end on-board products and services. These include catering, on- board retail and entertainment, on-board equipment and logistics, consulting and lounge services. It is also the majority owner of Dublin-
based Retail inMotion, which specialises in onboard retail business and driving airline ancillary revenue.
gategroup’s last-mile retail infrastructure and Black Swan’s intelligent analytics services to make retail predictions for travellers across multiple channels. Gategroup CEO Xavier Rossinyol (pictured
left) said: “This alliance between gategroup and Black Swan signals an exciting new age of airline and travel retail, where we can effectively offer up with confidence an expanding line-up of products and services that passengers truly want to buy and enjoy inflight.”
AirBaltic lands ATR Airline Marker Leader Award
Latvian low-cost carrier airBaltic has been named Airline Market Leader of the Year at global trade publication Air Transport World’s Airline Industry Achievement Awards. AirBaltic collected the award on 27
March at the 44th awards ceremony hosted in Dublin, Ireland, which recognises stand-out individuals and organisations for their outstanding onboard performance, innovation and service. Martin Gauss, Chief Executive Officer of
airBaltic said: “The strong performance of airBaltic allowed us to increase our market share in the Baltic region and to strengthen our position as the market leader. It is an honour to join the list of global airlines that have received this prestigious award over the last few decades.” Last year, the airline served more than
3.5m passengers (+22%) due to network expansions across Europe, Russia, CIS and Middle East countries.
www.scorpioworldwide.com MAY 2018 TRBUSINESS 11
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