UATP Continues Expansion with Merchant Shenzhen Airlines
Dec. 16, 2008
UATP continues its expansion in China, adding Shenzhen Airlines as a Merchant to the UATP Network. To meet customer demand and increase the airlines' revenue, Shenzhen Airlines chose UATP as a form of payment.
"Business travel within China continues to grow despite the state of the economy," says Mr. Li Kun, President of Shenzhen Airlines. "Meeting customer demand for UATP acceptance convinced us to become a UATP merchant. This is in line with our strategic goals of growing Shenzhen Airlines' corporate market share and of good value through UATP's unique and low-cost network and global presence."
Privately-owned Shenzhen Airlines operates with the mission of becoming one of the world's most welcome and valuable airlines with a pioneering vision to present Shenzhen Airlines' targets and responsibilities to the public, and to advance China's aviation industry.
Shenzhen Airlines' strategic growth plans include growing its corporate market share; in the credibility and cooperation principle, UATP will enhance Shenzhen Airlines' strategic plan through helping the airline lower distribution costs with low merchant service fees and by providing high-quality reporting, mainly to business travelers. UATP also provides a global network available for all corporate travelers.
"UATP was the first charge card that was available for domestic purchases within China," said President and CEO Ralph Kaiser, UATP. "UATP is continuing its expansion within China by adding new merchants to the network and being able to offer corporations their preferred form of payment. Shenzhen Airlines has been extremely successful to date as a UATP Merchant and continues to grow its corporate market share."
Shenzhen Airlines continues to be one of the most successful carriers in China, with fourteen consecutive profitable years and generating profits, up 76.8% over the previous year. Innovation originating in study, Shenzhen Airlines is one of the most honored airlines, including being awarded 2008 China's 500 Most Valuable Brands Award, and ranked in the top three in the China's aviation industry.