Vietnam Airlines, Southeast Asian fastest growing carrier, and Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, have signed an agreement as the airline seeks to expand an existing strategic relationship, with a potential value of more than US$ 300 million.
The signing of a memorandum of understanding (MOU) between Sabre and Vietnam Airlines and its subsidiary was witnessed by U.S. President Donald Trump, and President of the Socialist Republic of Vietnam, General Secretary of the Communist Party of Vietnam Nguyen Phu Trong, at the Presidential Palace in Hanoi.
The scope of the signed MOU includes innovative technology from the Sabre AirVision and AirCenter portfolio that will complement SabreSonic, Vietnam Airlines’ existing Passenger Service System, which has recently been renewed. Once implemented, Sabre’s solutions would help contribute to the carrier’s profitability and digital abilities and support its objective to become a digital airline by 2020.
Leveraging Sabre’s leading Commercial Platform, the MOU contemplates that Sabre’s innovative Sabre In-Flight solution would be the first to be adopted by the airline following the pact signing. The solution, which has enabled savings of up to 10 percent of the total catering costs, would also enhance the airline’s operational efficiency. Additionally, the MOU oversees a new, long-term domestic content distribution agreement for Vietnam Airlines through the Sabre Global Distribution System.