TIDMVELA
RNS Number : 7065K
Vela Technologies PLC
17 December 2018
17 December 2018
Vela Technologies plc
("Vela" or the "Company")
Update re AirPortr
The Board of Vela (AIM: VELA), the investing company focused on
early stage and pre-IPO disruptive technology investments, would
like to update investors following the publication of press
releases by two international airline groups, in relation to
AirPortr's home baggage check-in service. These press releases
relate to the extension of AirPort's existing relationship with
easyJet, and Cathay Pacific entering into an agreement to offer the
AirPortr service to their customers. AirPortr already provides its
digital platform to British Airways, American Airlines and
Finnair.
Vela has an interest in 162,736 shares in Portr Limited, the
owner of AirPortr, equivalent to approximately 3.1 per cent. of
Portr Limited's issued share capital.
Extracts from the press releases are copied below:
easyJet
"Following a successful launch with AirPortr at London Gatwick
Airport this summer, easyJet, Europe's leading airline, is now
making home baggage check-in available to customers flying from
London Luton, in time for the busy festive period and coming ski
season.
easyJet passengers travelling on flights departing Luton from
5th December will now have the opportunity to skip bag drop queues
and head straight to security, having up to four items of luggage
collected from their front door for as little as GBP40. Since its
initial roll out in July 2018, 86% of easyJet's customers using
AirPortr have rated the service as great value for money.
AirPortr picks up luggage from the passenger's doorstep, and
safely delivers it to easyJet's bag drop before it is flown to one
of the airline's 76 destinations from Luton. Customers can then
collect their baggage at their destination's baggage reclaim.
Since 2016, AirPortr has delivered over 80,000 bags, skis and
bikes to more than 320 destination airport baggage reclaims around
the world.
A short video showing how passengers travel to the airport
before and after AirPortr can be viewed here:
https://www.youtube.com/watch?v=eD7pzGg9H9Y "
The full press release by easyJet is available here:
https://www.businesstraveller.com/business-travel/2018/12/10/airportr-extends-easyjet-partnership-to-luton-airport/
Cathay Pacific
"Cathay Pacific customers travelling from London can now benefit
from a new partnership between the airline and bag pick-up and
check-in service specialist, AirPortr.
Providing a more relaxed start to the journey, the new service
means that Cathay Pacific customers can travel to the airport hands
free, avoid the queues and head straight to security. Passengers
simply collect their belongings at the baggage reclaim area at
their end destination.
The fully integrated service is being introduced this month, so
passengers departing from either London Heathrow or London Gatwick
can ease into the start of their journey without the stress of
transporting heavy bags on the way to the airport.
Once booked, customers are greeted by professional AirPortr
drivers who collect their baggage from any location within the
London service area, from 48 hours up to seven hours before the
flight's scheduled departure time. The luggage travels on the same
flight as passengers, who are kept up-to-date on their bags'
whereabouts at every step of the way."
The full press release by Cathay Pacific is available here:
https://www.businesstraveller.com/business-travel/2018/12/13/cathay-pacific-partners-with-airportr-at-gatwick-and-heathrow/
Antony Laiker, Executive Director of Vela, commented:
"The airline industry, whilst at the forefront of technological
innovation, is only now starting to recognise that innovation can
also be brought to the customer experience of airline travel.
AirPortr's previous experience, now supported by easyJet customers
over the last few months, indicates that there is a strong demand
and a high level of repeat customers for this service. We look
forward to seeing how this progresses further in 2019.
On a more general note, some investors may already be aware of
Vela's activity with social media where we have recently noted a
marked increase in followers. Investors are able to follow Vela
Technologies on Facebook, Twitter, Instagram and LinkedIn (see
links below). In doing so, investors can be more exposed to what is
happening with our investee companies. We post a range of
information which does not warrant or require a Regulatory News
Services release but is already in the public domain and adds to
investors understanding of the investee companies."
Facebook - https://www.facebook.com/velatechplc
Twitter - https://twitter.com/vela_tech
Instagram - https://www.instagram.com/velatechplc/
LinkedIn -
https://www.linkedin.com/company/vela-technologies/
For further information, please contact:
Vela Technologies plc Tel: +44 (0) 7802 262 443
Brent Fitzpatrick, Non-Executive
Chairman
Antony Laiker, Director
Allenby Capital Limited Tel: +44 (0) 20 3328 5656
(Nominated Adviser)
Nick Athanas/Asha Chotai
Smaller Company Capital Limited Tel: +44 (0) 20 3651 2910
(Broker)
Rupert Williams/Jeremy Woodgate
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END
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