Vela Technologies PLC Update re Portr Limited (7081O)
03 Ottobre 2019 - 2:50PM
UK Regulatory
TIDMVELA
RNS Number : 7081O
Vela Technologies PLC
03 October 2019
3 October 2019
Vela Technologies plc
("Vela" or the "Company")
Update re Portr Limited - Airportr Partnership with Manchester
Airports Group (MAG)
The Board of Vela (AIM: VELA) is pleased to note the press
release by Manchester Airports Group plc (MAG), regarding Airportr,
the operating business of Portr Limited. On 2 October 2019, MAG
announced a landmark partnership with Airportr to introduce a home
bag check-in and delivery service for passengers. This represents
the first geographical expansion of the Airportr business and will
be the first time Airportr has collaborated with an airport
operator to create a fully integrated baggage service, which allows
passengers to check-in baggage before arriving at the airport.
Vela holds 256,275 shares in Portr Limited ("Portr"), the owner
of Airportr, equating to approximately 3.6% Portr's issued share
capital.
The Manchester Airports Group Plc (MAG) is the country's largest
UK-owned airport operator (Manchester, London Stansted and East
Midlands airports) serving around 62 million passengers in total
across the group in the past 12 months (source: MAG press release
dated 10 July 2019).
MAG will be the first airport operator in the UK to use the
Airportr service within its own infrastructure, with baggage
processed in a dedicated facility away from the traditional
terminal check-in areas. It will also be the first to digitise the
service, meaning passengers can book and pay online via Manchester
Airport's website. The new system creates a 'win-win' scenario,
where the passenger experience is enhanced with a convenient
at-home service, whilst also unlocking operational efficiencies for
MAG by reducing the amount of baggage processed in the
terminal.
The service will be available to passengers travelling with
Airportr's partner airlines which include Virgin Atlantic, easyJet,
British Airways, American Airlines, Cathay Pacific and Finnair.
Passengers travelling on other airlines can also make use of the
service by having their bags collected from their homes ready for
collection when they arrive at the airport.
Prices range from GBP20-GBP36 for one item of luggage, depending
on location, with all additional bags costing GBP7 each. Customers
booking within the first month of the service starting, will also
get one free FastTrack security pass.
Antony Laiker, Executive Director of Vela, commented: "Airportr
set out to disrupt an industry that fundamentally has not changed
much since the beginning of commercial air travel over 50 years
ago.
For passengers, the Airportr services can greatly enhance the
travel experience. Passengers no longer need to be at the airport
so early and, as they are no longer carrying baggage, have a choice
of how to get to the airport, which is often quicker and cheaper.
Once at the airport, passengers can head straight to security and
are reunited with their baggage at the carousel of their
destination airport.
There are also significant operational benefits to the airlines
and airports. Airlines and airports can better plan, distribute and
streamline operations with early processing of baggage. They no
longer need to wait for passengers to check-in individually, over a
short period of time just prior to take off. These benefits are
leading to some interesting concepts and case studies which focus
on the future design of terminals, landside processing and
associated commercial benefits to airports and airlines."
The full press release by MAG can be found here:
https://mediacentre.magairports.com/manchester-airport-introduces-new-home-baggage-collection-service-for-passengers-in-partnership-with-airportr/
For further information, please contact:
Vela Technologies plc Tel: +44 (0) 7802 262
443
Brent Fitzpatrick, Non-Executive
Chairman
Antony Laiker, Director
Allenby Capital Limited Tel: +44 (0) 20 3328 5656
(Nominated Adviser)
Nick Athanas/Asha Chotai
Smaller Company Capital Limited Tel: +44 (0) 20 3651 2910
(Broker)
Rupert Williams/Jeremy Woodgate
About Vela Technologies
Vela Technologies (AIM: VELA) is an investing company focused on
early stage and pre-IPO long term disruptive technology
investments. There are currently 12 investments in the portfolio
which either have developed ways of utilising technology or
developing technology with a view to disrupting the businesses or
sector in which they operate. More recently, Vela Technologies has
also started to focus on existing listed companies where valuations
may offer additional opportunities.
About Portr Limited
Portr is the owner of Airportr, the airline integrated home bag
check-in and delivery service that gives passengers the option to
check in online and have their baggage collected from their
doorstep. Following a positive ID match and airline security
validations, which are performed with the customer by a vetted
driver utilising Airportr's proprietary technology, baggage is put
in a unique coded, tamper proof and trackable security bag, to be
delivered to the airport and directly onto the designated departing
flight. The passengers can then travel bag free to the airport,
avoiding check-in or bag drop, instead going directly through
security, collecting their luggage on arrival at their
destinations' baggage reclaim.
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END
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