Cathay Pacific Airways Flies High With Oracle Internet Procurement

Major Airline Expects to Save Millions Through E-Business Efficiencies



Apr 02, 2001, 01:00 ET from Oracle Corp.

    REDWOOD SHORES, Calif., April 2 /PRNewswire/ --
 ( http://www.oracle.com/tellmemore/?640967 )
 Oracle Corporation (Nasdaq:   ORCL), the largest provider of software for
 e-business, and Cathay Pacific Airways, Hong Kong's award-winning carrier,
 today announced Cathay Pacific's selection of a key component of the
 integrated Oracle E-Business Suite: Oracle Internet Procurement.  Cathay
 Pacific's staff will now be able to connect directly to their suppliers via
 the Internet to enhance co-ordination, relationships and purchasing
 efficiency.
     Cathay Pacific successfully implemented a live pilot system with Oracle
 Internet Procurement in less than sixty days.  The solution, "CXeBuy,"
 including both Oracle Internet Procurement and Purchasing Intelligence, has
 been deployed initially to a selected group of users and suppliers in Hong
 Kong.  "With the success of the pilot phase, we have commenced a company-wide
 roll-out of CXeBuy -- starting in Hong Kong, spreading to the region and
 finally going global," said Greg Hughes, Cathay Pacific's General Manager of
 Airline Purchasing.
     This e-Procurement initiative is one of Cathay Pacific's key e-business
 projects, part of a $260 million investment over the next three years to
 further Cathay Pacific's position as Asia's leading e-business airline.
 Internet Procurement is expected to help reduce the airline's total
 expenditure by more than $40 million a year by 2003, with much of the savings
 coming from online purchasing and a substantial reduction in inventory
 carrying costs.
     As part of its Internet procurement plans, Cathay Pacific is participating
 in a number of vertical and horizontal exchanges, including the Aeroxchange
 online marketplace (with twelve other major airlines worldwide) and local
 e-marketplaces including PCCW's MartPOWER.  As a result, Cathay Pacific
 expects to conduct 35% to 50% of its purchasing over the Internet within the
 next three years.
     Oracle Internet Procurement standardizes and simplifies Cathay Pacific's
 procurement processes across departments; it also enables Cathay Pacific to
 leverage its corporate-wide buying power.  Suppliers also benefit from a more
 efficient, integrated, procure-to-pay process.  Furthermore, in the future,
 Cathay Pacific will use Oracle Purchasing Intelligence to provide improved
 information on company-wide expenditure and supplier performance to enhance
 financial efficiencies.
     In addition to Oracle's leadership in e-business and ability to provide
 global support, the Oracle procurement solution was selected based on its
 ability to integrate with online marketplaces and Cathay Pacific's existing
 back-end systems.  "With Oracle Internet Procurement, we are one of the first
 airlines in the world that connects to marketplaces from our own purchasing
 platform.  We are confident that CXeBuy can help us further our lead as Asia's
 leading e-Business airline," added Hughes.
 
     About Oracle
     Oracle Corporation provides the software that powers the Internet.  For
 more information about Oracle, please call 650-506-7000.
 
     About Cathay Pacific Airways
     Cathay Pacific Airways, based in Hong Kong, is an international airline
 offering scheduled passenger and cargo services to 51 cities in 5 continents.
 Cathay Pacific Airways employs over 14,300 people in 35 countries, with more
 than 10,000 working in Hong Kong.  Cathay Pacific Airways is part of the Swire
 Group and listed on the Stock Exchange of Hong Kong.  Cathay Pacific is also a
 founding member of the oneworld alliance.
 
     Trademarks
     Oracle is a registered trademark of Oracle Corporation. Other names may be
 trademarks of their respective owners.
 
     Notes to Editors:
     Aeroxchange(TM), formed in the second half of 2000, is the airline
 industry's largest business-to-business e-commerce exchange.  It will offer
 the most comprehensive selection of aircraft parts and services.  The founding
 partners include Air Canada, All Nippon Airways, America West Airlines, Cathay
 Pacific Airways, FedEx, Japan Airlines, Lufthansa German Airlines, Northwest
 Airlines, Scandinavian Airlines System (SAS) and Singapore Airlines.  Oracle
 Corporation is the technology partner powering Aeroxchange.
     MartPOWER is Pacific Century CyberWorks Limited (PCCW)'s
 business-to-business horizontal electronic marketplace providing buyers and
 sellers across all industries with online procurement solutions and
 collaborative supply chain management. Oracle is the exchange platform
 provider to MartPOWER.
 
 

SOURCE Oracle Corp.
    REDWOOD SHORES, Calif., April 2 /PRNewswire/ --
 ( http://www.oracle.com/tellmemore/?640967 )
 Oracle Corporation (Nasdaq:   ORCL), the largest provider of software for
 e-business, and Cathay Pacific Airways, Hong Kong's award-winning carrier,
 today announced Cathay Pacific's selection of a key component of the
 integrated Oracle E-Business Suite: Oracle Internet Procurement.  Cathay
 Pacific's staff will now be able to connect directly to their suppliers via
 the Internet to enhance co-ordination, relationships and purchasing
 efficiency.
     Cathay Pacific successfully implemented a live pilot system with Oracle
 Internet Procurement in less than sixty days.  The solution, "CXeBuy,"
 including both Oracle Internet Procurement and Purchasing Intelligence, has
 been deployed initially to a selected group of users and suppliers in Hong
 Kong.  "With the success of the pilot phase, we have commenced a company-wide
 roll-out of CXeBuy -- starting in Hong Kong, spreading to the region and
 finally going global," said Greg Hughes, Cathay Pacific's General Manager of
 Airline Purchasing.
     This e-Procurement initiative is one of Cathay Pacific's key e-business
 projects, part of a $260 million investment over the next three years to
 further Cathay Pacific's position as Asia's leading e-business airline.
 Internet Procurement is expected to help reduce the airline's total
 expenditure by more than $40 million a year by 2003, with much of the savings
 coming from online purchasing and a substantial reduction in inventory
 carrying costs.
     As part of its Internet procurement plans, Cathay Pacific is participating
 in a number of vertical and horizontal exchanges, including the Aeroxchange
 online marketplace (with twelve other major airlines worldwide) and local
 e-marketplaces including PCCW's MartPOWER.  As a result, Cathay Pacific
 expects to conduct 35% to 50% of its purchasing over the Internet within the
 next three years.
     Oracle Internet Procurement standardizes and simplifies Cathay Pacific's
 procurement processes across departments; it also enables Cathay Pacific to
 leverage its corporate-wide buying power.  Suppliers also benefit from a more
 efficient, integrated, procure-to-pay process.  Furthermore, in the future,
 Cathay Pacific will use Oracle Purchasing Intelligence to provide improved
 information on company-wide expenditure and supplier performance to enhance
 financial efficiencies.
     In addition to Oracle's leadership in e-business and ability to provide
 global support, the Oracle procurement solution was selected based on its
 ability to integrate with online marketplaces and Cathay Pacific's existing
 back-end systems.  "With Oracle Internet Procurement, we are one of the first
 airlines in the world that connects to marketplaces from our own purchasing
 platform.  We are confident that CXeBuy can help us further our lead as Asia's
 leading e-Business airline," added Hughes.
 
     About Oracle
     Oracle Corporation provides the software that powers the Internet.  For
 more information about Oracle, please call 650-506-7000.
 
     About Cathay Pacific Airways
     Cathay Pacific Airways, based in Hong Kong, is an international airline
 offering scheduled passenger and cargo services to 51 cities in 5 continents.
 Cathay Pacific Airways employs over 14,300 people in 35 countries, with more
 than 10,000 working in Hong Kong.  Cathay Pacific Airways is part of the Swire
 Group and listed on the Stock Exchange of Hong Kong.  Cathay Pacific is also a
 founding member of the oneworld alliance.
 
     Trademarks
     Oracle is a registered trademark of Oracle Corporation. Other names may be
 trademarks of their respective owners.
 
     Notes to Editors:
     Aeroxchange(TM), formed in the second half of 2000, is the airline
 industry's largest business-to-business e-commerce exchange.  It will offer
 the most comprehensive selection of aircraft parts and services.  The founding
 partners include Air Canada, All Nippon Airways, America West Airlines, Cathay
 Pacific Airways, FedEx, Japan Airlines, Lufthansa German Airlines, Northwest
 Airlines, Scandinavian Airlines System (SAS) and Singapore Airlines.  Oracle
 Corporation is the technology partner powering Aeroxchange.
     MartPOWER is Pacific Century CyberWorks Limited (PCCW)'s
 business-to-business horizontal electronic marketplace providing buyers and
 sellers across all industries with online procurement solutions and
 collaborative supply chain management. Oracle is the exchange platform
 provider to MartPOWER.
 
 SOURCE  Oracle Corp.

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