Virgin Atlantic Airways Selects SolArc Solution for Jet Fuel Management; First International Airline to Manage Fuel Procurement and Hedging Program in One Solution

SolArc, Inc., a leading provider of enterprise supply,
trading and risk management solutions for the aviation industry,
announced today that Virgin Atlantic Airways has selected the SolArc
RightAngle solution to manage their jet fuel supply.
Jonathan Pardoe, Head of Fuel Management for Virgin Atlantic,
said, "Virgin Atlantic Airways is always looking for innovative ways
to raise the level of success when running an airline year after year
in an efficient and profitable manner. SolArc RightAngle will give the
airline that opportunity with a proven solution that will manage our
physical and financial hedging requirements in one system. No other
international airline is doing that. Additionally, we will also be
able to look at the history of the data from the fuel consumed on each
flight and be able to perform extensive budget forecasting and
scenario analysis against planned usage."
Since it was founded 21 years ago, Virgin Atlantic Airways has
become Britain's second largest carrier, serving the world's major
cities. Now based at London Gatwick, London Heathrow and Manchester
airports, Virgin operates long haul services to twenty-six
destinations worldwide as far reaching as Las Vegas, Dubai and Sydney
and carries over 5 million passengers per year.
"We did a complete evaluation of fuel supply management solutions
and chose SolArc RightAngle because of its strength in capturing the
physical side of the aviation business and then using that information
as the foundation to properly hedge the market price risk exposure on
our fuel contracts," said Pardoe.
SolArc RightAngle will provide Virgin Atlantic with an automated
budget and forecast creation capability. They will be able to
integrate with the flight schedule to generate volume requirements to
automatically create an accurate budget and various cost scenarios
using a range of projected price curves. When actuals for the month
are in - Virgin Atlantic will be able to compare actuals vs. budget,
forecast, or prior year to understand the differences, as well as
other analysis.
"We are very excited to work with such a distinguished airline
like Virgin Atlantic. They are leaders in the airline industry and
they realize that by choosing an integrated fuel supply management
solution in today's competitive environment they are ensuring their
long-term survival and success," said Brad Anderson, SolArc's CEO.

About Virgin Atlantic Airways

Virgin Atlantic has enjoyed huge popularity, winning top business,
consumer and trade awards from around the world. The airline has
pioneered a range of innovations setting new standards of service,
which its competitors have subsequently sought to follow. Despite
Virgin Atlantic's growth the service still remains customer driven
with an emphasis on value for money, quality, fun and innovation.
Virgin Atlantic currently has a fleet of 33 aircraft which
includes thirteen 747s and seven A340-300s and thirteen A340-600s.

About SolArc, Inc.

SolArc, Inc. is a leading provider of supply, trading and risk
management solutions for global commodities companies. The flagship
product, SolArc RightAngle, integrates deal capture, scheduling,
inventory management, pricing, accounting, position reporting and risk
analysis in a single platform solution. SolArc's products work with
existing information systems including corporate ERP systems to
provide customers with a flexible solution that leverages their
existing systems' infrastructure. Customers receive competitive
advantages from reduced transaction costs and improved commodities
procurement and trading decisions based on accurate position reporting
and inventory management. Headquartered in Houston, SolArc also has
offices in Tulsa, Oklahoma, London, Singapore, Beijing, and Hong Kong.
For more information on SolArc's products, visit www.solarc.com.