Press release Asiana Airlines continues to rely on revenue accounting solution from Lufthansa Systems Asiana airlines of South Korea extends Sirax/RA agreement for another five years Raunheim, December 6, 2016 – Lufthansa Systems today announced that Korea-based Asiana Airlines will continue to use its Sirax/RA solution for revenue accounting. The agreement between the two companies, which was originally signed in 2005, has now been renewed for another five years. “We have been relying on Sirax/RA from Lufthansa Systems for more than ten years – which makes perfect sense for us: Since introducing the solution, we succeeded in substantially accelerating our accounting processes, which enabled us to reduce costs and boost revenues at the same time,” said Lee Han Wook, General Manager Revenue Accounting Team at Asiana Airlines. The Sirax/RA revenue accounting solution speeds up accounting processes by automatically checking ticket sales against actual flight data. Integrated sub-processes also support the billing of interline flights between airlines. Based on this, the system very precisely calculates the actual revenues within a very short timeframe, automatically taking into account current industry standards. Furthermore, customers can quickly gain a comprehensive overview of their financial situation, enabling them to rapidly respond to changing conditions. The system also delivers precise, current information for management and accounting staff at all times. Sirax/RA is being used by around 20 airlines worldwide and based on processed coupon volume is the market leader among standard revenue accounting solutions. “Asiana Airlines was one of the initial carriers to opt for our Sirax solution and the second Sirax customer in the Star Alliance after Lufthansa,” said Tom Vandendael, Senior Vice President Regional Management Asia-Pacific at Lufthansa Systems. “Even after such a long time, Asiana Airlines remains a strategically important customer for Lufthansa Systems, and we look forward to our continued collaboration.” 1 Press release Korean carrier Asiana Airlines is based in Seoul and is a member of the Star Alliance. With its fleet of 84 aircraft, Asiana Airlines transports both passengers and cargo worldwide. The airline currently serves ten domestic routes and 79 international destinations in 23 countries. Asiana Airlines also delivers cargo to 28 cities in 12 countries. About Asiana Airlines Asiana Airlines founded in 1988 and has fully committed itself to providing its customers with innovative and world-class service. As a proud member of Star Alliance since 2003, Asiana Airlines has continued to maintain its 5-star rating by Skytrax for 10 consecutive years since the year of 2007. Asiana Airlines operates 79 international passenger routes to 65 destinations in 23 countries. For cargo flights Asiana Airlines operates 25 routes to 28 cities in 12 counties. Asiana Airlines has introduced Airbus A380 double-deckers to long-haul destinations such as Los Angeles, New York and Frankfurt, and is planning to operate 30 Airbus A350 and 25 Airbus A321NEO aircrafts to provide more pleasant in- flight experience. For more information, please visit http://kr.flyasiana.com/C/en/main.do About Lufthansa Systems Lufthansa Systems GmbH & Co. KG is a leading airline IT provider. Based on long-term project experience, a deep understanding of complex business processes and strong technological know-how, the company provides consulting and IT services for the global aviation industry. Over 300 airlines worldwide rely on the know-how of IT specialists at Lufthansa Systems. Its portfolio covers innovative IT products and services which provide added value for its customers in terms of enhanced efficiency, reduced costs or increased profits. Headquartered in Raunheim near Frankfurt/Main, Germany, Lufthansa Systems has offices in 16 other countries. Contact Lufthansa Systems GmbH & Co. KG Press Office Ansgar Lübbehusen Tel.: +49 (0)69 696 90776 E-Mail: [email protected] www.LHsystems.com 2 .