WestJet and Travelport agree to discontinue negotiations for aiRES Contract
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North America,
Westjet
(CAPA) WestJet announced it has reached agreement with Travelport to discontinue negotiations on the amendment of the aiRES contract. As a result, WestJet will incur a non-cash write-down of USD30.0 million for the assets associated with WestJet's aiRES reservation system project. This write-down will be accounted for in the airline's quarterly results for the period ended 30-Jun-07.
Sean Durfy, WestJet President commented, "As we stated in our 10-Jan-07 news release where we first announced suspension of the aiRES implementation, we recognized the potential for this one-time write-down. Unfortunately, the possibility of implementing a future version of aiRES in the timeframe needed to meet WestJet's requirements is highly unlikely.
"Our current reservation system has been upgraded and is fully supported to meet our strategic plan for the remainder of 2007 and throughout 2008. All of the key functionalities we require to achieve our objectives are available to us. We will review our options for a new reservation system, from a variety of companies including Travelport, to meet our strategic plan beyond 2008."
Date posted: 20-Jul-07
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WestJet and Travelport agree to discontinue negotiations for aiRES Contract 
