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Corporate Cards

 May 08, 2007
AirPlus 51% Growth Driven by International Markets

 AirPlus International, the leading global provider of business travel payment solutions announced its 2006 results. AirPlus has further strengthened its position in the global business travel market and can look back at another successful year: Total settlement volume rose by 15% to USD 18.6 billion in 2006. The main drivers for this massive increase were the international markets outside of AirPlus' traditional German home market that contributed to the expansion with 51% growth. The company's 2006 operating profits were USD 12 million before tax.

AirPlus rounded out 2006 with a total of 640 employees and more than 32,000 corporate clients. In a bold move, the company made a commitment to be the world's preferred provider of integrated payment and analysis solutions for business travel by 2012.

"We made substantial gains in all markets and sectors in the last year, putting us in an ideal position for further growth, as well as getting us closer to achieving our objective of becoming the preferred global provider of solutions for business travel payment and analysis," said Richard Crum, President, AirPlus International Inc. "The strong demand for our payment solutions expertise demonstrates that product quality, customer service and innovation is the correct recipe for our continued expansion," Crum explained.

A few highlights of the last financial year:

AirPlus Strengthens Its Position In Asia

The corporate card issued jointly with China Merchants Bank since September 2006 is the first company credit card that provides travel managers with Chinese as well as international transaction data. In addition, AirPlus has gained Singapore Airlines as a new cooperation partner and thereby strengthened its presence in Asia.

AirPlus Continues To Innovate

AirPlus launched FlexEbill, a unique new tool that enables companies to create and modify the format of their electronic billing information at any time through the AirPlus Business Travel Portal to match their individual needs.

Awards

AirPlus once again received the prestigious Business Travel World Award for the Best Expense Management Process this January. Meanwhile, AirPlus received two awards for innovation in its home market Germany.