SolArc, Inc., a leading provider of enterprise supply,
trading and risk management solutions for the aviation industry,
announced today that Singapore Airlines has selected them to provide
and implement a fuel management system, SolArc's RightAngle system.
Among other functions, SolArc RightAngle will provide Singapore
Airlines with an automated fuel budget and forecast creation
capability. There will also be a module that supports the airline's
fuel hedging programme, including compliance with FRS39 (a new
accounting standard that also covers hedge reporting requirements).
"We are very excited to work with Singapore Airlines. They are
leaders in the airline industry. By choosing an integrated fuel supply
management solution in today's competitive environment, they are
positioning themselves at the forefront of the industry and ensuring
their long-term success," said Brad Anderson, SolArc's CEO.
About SIA
When Singapore Airlines was formed in 1972, it operated a modest
fleet of 10 aircraft to just 22 cities in 18 countries, most of which
were in Asia. With a commitment to fleet modernization, product and
service innovation and market leadership, the Airline quickly
distinguished itself as a world-class carrier. Today SIA is
internationally recognized as the world's leading airline and operates
a modern passenger fleet of 90 aircraft. Its network, including
Singapore Airlines Cargo and SilkAir destinations covers 98 cities in
40 countries.
SIA made aviation history in February 2004 with the launch of the
world's longest non-stop commercial flight between Singapore and Los
Angeles on the Airbus A340-500. Soon after, in June 2004, the Airline
broke its own record with the launch of non-stop commercial flights
between Singapore and New York (Newark) using the same aircraft.
This year, Singapore Airlines marks another milestone as the first
carrier to take delivery of and operate the world's first
double-decker aircraft, the Airbus A380.
For more information, please visit www.singaporeair.com.
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.
