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Corendon Airlines Partners with IBS Software to Maximise Operational Efficiency

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ANTALYA, Turkey, Sept. 19, 2024 /PRNewswire/ — Corendon Airlines, one of Turkey’s leading air carriers, has entered a strategic partnership with IBS Software to revolutionise its commercial operations. By leveraging IBS Software’s iFly Res commerce platform Corendon will improve revenue streams and enhance operational efficiency. This move towards efficiency is fundamental as the airline is projected to process over 37 million passengers over the duration of the partnership.

IBS Software – a leading SaaS solutions provider to the global travel industry globally – was selected after an in-depth market evaluation which took over a year to complete. Corendon Airlines chose the iFly Res Passenger Service System (PSS) as it can uniquely unify Corendon’s seat-only and tour operator business under a consolidated inventory. In turn, manpower requirements are reduced, and revenue dilution is prevented.

The partnership will see the integration of IBS Software’s advanced Revenue Management solution delivering improvements to Corendon’s bottom line. By providing a single, unified inventory that integrates both tour operator allotments and seat-only sales, the platform will empower revenue analysts to make consistent, data-driven decisions.

The collaboration also enables dynamic optimisation of pooled allotments, seat-only inventory, and pricing, all designed to maximise revenue. Additionally, iFly Res facilitates real-time data exchange with tour operator interfaces, ensuring seamless, uninterrupted operations.

Through NDC-based distribution, Corendon Airlines will now be able to offer dynamic pricing and more personalised options, enhancing passenger satisfaction and maintaining a competitive edge. These real-time dynamic and personalised pricing capabilities are a vital tool in delivering the most cost-effective fares and ensuring pricing is competitive with other regional leisure travel providers.

Speaking about the partnership, Burcu Par Güler, PSS Project Manager of Corendon Airlines, said: “At Corendon Airlines, our mission is to deliver exceptional travel experiences. By partnering with IBS Software, we are leveraging cutting-edge technology to refine our operations and elevate our service offerings. This partnership is a pivotal step in our growth strategy, and we are thrilled to be working with like-minded individuals who share our passion for innovation.”

Ben Simmons, VP & Regional Head of Europe and Africa, IBS Software said: “We are delighted to welcome Corendon Airlines to our expanding family of airline partners in Turkey. The iFly Res platform is tailored to meet the unique needs of hybrid tour operators and charter airlines like Corendon. We are committed to helping Corendon Airlines achieve their goals of bringing more people to Turkish shores and drive commercial success. “

Corendon Airlines becomes the third Turkish airline, following Sun Express and Freebird, to join forces with IBS Software, reinforcing IBS Software’s leadership in the VFR (Visual Flight Rules) and leisure travel markets from Central Europe to Turkey.

The first phase of the partnership is due to go live in December, with the second phase scheduled for March 2025. For more information on IBS Software’s iFly Res platform and its transformative capabilities, please visit: IBS Software | Blog

About Corendon Airlines:

Founded in 1997 in the Netherlands as a tour operator, Corendon has grown into a tourism group over time by adding airlines, incoming services, and hotels in Europe, Turkey, and the Caribbean to its portfolio. Corendon Travel, one of the leading tour operators in the Netherlands and Belgium, also operates in the Danish market. Corendon, particularly known in these markets for its association with the Turkey destination, is among the pioneering tour operators offering a wide range of products and destinations to its guests. Since entering the aviation sector with the slogan “Make a Difference” from its very first day, Corendon Airlines has introduced many exemplary practices and firsts in the industry. Together with its subsidiaries Corendon Dutch Airlines, established in 2011 and registered in the Netherlands, and Corendon Airlines Europe, established in 2017, Corendon Airlines operates flights from several European countries, including Germany, the Netherlands, Belgium, Austria, Switzerland, Poland, and the United Kingdom, to popular holiday destinations within Europe and Turkey. As of 2024, it has become an international airline flying to 165 destinations in 65 countries. Under the Corendon Hotels & Resorts brand within the Tourism Group, Corendon operates two hotels in Antalya’s Kemer and Lara regions, five hotels in Amsterdam, and four hotels on the Caribbean island of Curaçao.

About IBS Software:

IBS Software is a global leader in SaaS solutions for the travel industry, managing mission-critical operations for clients in aviation, hospitality, tour & cruise, and energy resources sectors. IBS’s aviation solutions encompass fleet & crew operations, aircraft maintenance, passenger services, loyalty programs, staff travel, and air cargo management.

In the hospitality industry, IBS Software offers a cloud-native, unified platform for hotels and travel sellers, including central reservation (CRS), property management (PMS), revenue management (RMS), call centre, booking engine, loyalty, and distribution systems.

For the tour and cruise industry, IBS provides a comprehensive, customer-centric digital platform covering onshore, online, and onboard solutions. In the energy & resources industry, IBS offers logistics management solutions that cover planning, operations, and accommodation management.

The Consulting and Digital Transformation (CDx) division focuses on driving digital transformation initiatives for its clients, leveraging deep domain knowledge, cutting-edge digital technologies, and engineering excellence.

IBS Software operates from 17 offices worldwide. For more information, visit www.ibsplc.com
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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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September 20, 2024

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

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KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

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September 20, 2024

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

 

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SOURCE KuCoin

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PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

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September 20, 2024

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/paypal-ventures-reinforces-support-of-chaos-labs-with-additional-investment-302253911.html

SOURCE Chaos Labs, Inc.

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