September 16, 2008, Outcome Capital announced the completed sale of Flight Explorer to Sabre Holdings. Flight Explorer is the leading provider of Commercial Aircraft Situation Display (ASD) solutions providing real-time tracking, reporting, and display of enroute aircraft. Flight Explorer will become part of Sabre Airline Solutions, the world’s leading provider of integrated solutions and services for airlines and airports. Outcome Capital acted as exclusive financial advisor to Flight Explorer on this transaction.
The acquisition combines two exceptional industry leaders, resulting in a powerful flight planning solution that will help airlines optimize operational efficiencies and realize cost-saving benefits.
Jim Kelly, president and chief executive officer of Flight Explorer, commented, “Becoming part of Sabre will take Flight Explorer to even more airlines worldwide with Sabre’s strong global presence. This is a great day for our company and our customers.”
Kelly continued, “Outcome Capital acted as our key trusted advisor at each step of the sale process, from preparation to execution. Outcome Capital’s unique, in-depth market knowledge of the software and aerospace sectors in combination with their M&A experience was instrumental in completing a strategic transaction. The acquisition maximized shareholder value and positions Flight Explorer for a successful future with Sabre.”
Steve Clampett, president of Airline Products and Solutions for Sabre Airline Solutions, remarked “The addition of Flight Explorer, with its outstanding flight tracking and airspace monitoring capabilities, to Sabre’s comprehensive portfolio of solutions positions us to be the unique provider of a fully integrated, world-class flight planning and aircraft tracking solution. We have enjoyed a strong working relationship with Flight Explorer for many years and are now proud to make them a part of Sabre.”
About Flight Explorer
Flight Explorer (FE) is a global Aircraft Situation Display solutions provider to the commercial and business aviation community. FE provides these solutions to over 800 corporate clients, including over 85 percent of the North American major and regional airlines. Additionally, consumers can enhance their travel experience with Flight Explorer’s free online flight tracking and airport information tools. For more information please visit www.flightexplorer.com.
About Sabre Airline Solutions
The world’s leading provider of integrated solutions and services for airlines and airports, Sabre Airline Solutions helps companies generate more revenue by optimizing performance in 14 key areas of airline operations. More than 200 leading carriers and 100 airports use Sabre Airline Solutions to better market their schedules, sell their products, serve their customers and operate efficiently. Sabre Airline Solutions was founded in 1960. For more information on Sabre Airline Solutions, please visit www.sabreairlinesolutions.com
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