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Article: Air Canada and IBM Form Strategic Partnership; $908 Million Agreement Includes Developing New Technologies for Airline Industry.
- Article from:
- Business Wire
- Article date:
- July 20, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business and Technology Editors
TORONTO--(BUSINESS WIRE)--July 20, 2001
Air Canada and IBM today announced a seven-year, $908 million ($1.4 billion CDN) strategic partnership to e-enable the airline, enhance customer service and develop future solutions based on a world-leading IT infrastructure that will benefit both Air Canada and other airlines around the world.
As a result of this agreement - the largest IBM airline services agreement worldwide - Air Canada expects to save approximately $130 million ($200 million CDN) in IT costs over the term of the contract.
As strategic business partners, IBM and Air Canada will work together ...