The RateGain Travel Technologies Limited stock jumped 5 percent on July 9 after the Noida-based firm announced a multi-year partnership with Malaysia Airlines Berhad, the national carrier of Malaysia.
At 10.26 am, the stock was trading at Rs 821.05 on the National Stock Exchange, up 4.61 percent from the previous close.
Malaysia Airlines will be able to leverage RateGain’s advanced AirGain platform to boost its competitive edge through superior pricing intelligence capabilities, the Indian firm said in an exchange filing.
“Our partnership with AirGain aligns perfectly with our strategic goals allowing us to make data-driven decisions that keep us at the forefront of the competitive aviation industry. This partnership empowers us to strengthen our position and continue to be the gateway to Asia and beyond,” said Ahmad Luqman Mohd Azmi, chief executive officer of Airlines at Malaysia Aviation Group, the parent company of Malaysia Airlines.
According to the company, the partnership aims to elevate Malaysia Airlines’ performance across its network of domestic and international routes.
“Amid significant competition, the integration of the AirGain platform positions Malaysia Airlines to not only compete but also set market trends. By providing a real-time view into competitive pricing, AirGain offers a critical advantage for sustained growth and competitiveness on both regional and international stages,” the filing said.
The airline will be able to utilise AirGain’s “cutting-edge” price intelligence solution to refine pricing strategies, optimise daily opportunities for expansion and enhance customer satisfaction.
Vinay Varma, senior vice president and general manager at AirGain, said, " This collaboration not only signifies a leap toward advanced pricing intelligence but also underscores our commitment to enhancing the competitive dynamics of the airline industry.”
Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
