Monday July 24, 7:00 am Eastern Time
Company Press Release
SOURCE: Oracle Corporation
Oracle Named as Technology Partner to
Airline Industry's Largest B2B
Exchange
$45 Billion of the World's Airlines' Total Purchases of Goods and
Services Are Expected to Run Through Aeroxchange
REDWOOD SHORES, Calif., July 24 /PRNewswire/ --
(http://www.oracle.com/tellmemore/?260172) Oracle Corp. (Nasdaq: ORCL - news), the
largest provider of software for e-business, today announced that it has been selected as the
technology partner powering Aeroxchange(TM), the airline industry's largest
business-to-business e-commerce exchange. Aeroxchange, to be officially launched in the
next few months, is expected to offer the most comprehensive selection of aircraft technical
parts and services as well as general business suppliers to airlines on the web.
With founding member airlines in Asia-Pacific, North America and Europe representing
passenger and cargo operations, the new exchange is global in scope. Founding partners are:
Air Canada, All Nippon Airways (ANA), America West Airlines, Cathay Pacific Airways,
FedEx Express, Japan Airlines, Lufthansa German Airlines, Northwest Airlines,
Scandinavian Airlines System (SAS) and Singapore Airlines. Additional airline equity
partners include Air New Zealand, Austrian Airlines and KLM Royal Dutch Airlines. It is
estimated that the exchange will handle more than $45 Billion of the world's airlines' total
purchases of goods and services, excluding aircraft and fuel.
The new online exchange will be powered by Oracle's leading B2B exchange platform and
technology that will provide not only online auctioning, reverse auctioning, contract and
spot buying capabilities, but also collaborative supply chain planning functionality that will
facilitate accurate capacity and demand planning for participating suppliers. Oracle will
provide the technology, functionality and hosting platform.
``Oracle is delighted to be the technology partner for the largest airline industry exchange,''
said Larry Ellison, chairman and CEO of Oracle Corporation. ``Major industries have
discovered that they can leverage the Internet for real economic gain in the age of e-business.
And Oracle provides today the breadth of technology, software and services to fully power
these exchanges, and to make industry-wide B2B commerce a reality.''
Initial development will focus on Internet procurement capabilities resulting in streamlined
and enhanced processes for greater efficiency, providing both airlines and suppliers with the
benefits associated with lower transaction, processing and inventory costs. Lowering the
total cost of ownership throughout the supply chain will create significant value for all
participants. Later development stages will include supply chain management features such
as improved inventory control and production planning.
Examples of items that will be traded through Aeroxchange include airframe, avionics and
engine components and maintenance services as well as a wide range of airline specific
goods and services. In addition to the founding members, all airlines, other industry related
companies and their suppliers will be invited to use the services of the exchange.
About Oracle Corp.
Oracle Corporation provides the software that powers the Internet. For more information
about Oracle, please call Oracle Public Relations at 650-506-4176.
Trademarks
Oracle is a registered trademark of Oracle Corporation. Other names may be trademarks of
their respective owners.
SOURCE: Oracle Corporation |
