Tuesday, 1 December 2009

AeroMechanical Partner GuestLogix Interviewed

AeroMechanical Services Ltd. (TSX:V-AMA)
Basic Shares: 103.1 million
Fully Diluted: 117.6 million


Last October, AeroMechanical signed an agreement with GuestLogix Inc. to enable that Toronto-based company to conduct real-time credit card checks aboard aircraft before a passenger purchase was approved.

Tom Douramakos, the Chief Executive Officer of Guestlogix was interviewed November 3oth in an online publication called Res Free Thinking, which will give readers a thorough view of everything GuestLogix does and why the agreement with AeroMechanical is so important.

Before the partnership with AeroMechanical, GuestLogix could only check a passenger's credit card worthiness at some point after the aircraft landed - in some cases, days after the passenger disembarked with his/her purchase in hand.

But using AeroMechanical's blue box, GuestLogix could do instant credit checks and with the ability to now conduct pre-approved purchases, the airlines could offer higher end goods with bigger profit margins.

GuestLogix (TSX:V-GXI) is the biggest provider of credit card transaction technology to the airline industry.

The question and answer format in the Res Free Thinking publication contained this one section dedicated to the agreement with AeroMechanical:

RES: Recently, you announced a partnership with AeroMechanical Services (AMA.V). What do you want to get out of that relationship?

TD: We are really concentrating on Asia right now, and we want to get to more real-time transactions. AeroMechanical Services provides real-time satellite up links to airlines, and we want to be able to use those up links to do real-time transactions. Also AeroM
echanical Services has Asian carrier clients that we can provide our services to.

To read the complete interview on Res Free Thinking, please click here.