Datalex plc
Update to Virgin Australia's Next Generation Retail Project
Dublin, Ireland, 13 September 2023: Datalex plc ("Datalex", the "Company" or the "Group") (Euronext Growth Dublin: DLE), announces an update on Virgin Australia's Next Generation Retail Project.
During the course of the program, Virgin Australia's priorities with respect to its Next Generation Retail program have changed leading to the decision to end its program with Datalex and other impacted vendors. The decision was made following a thorough internal review of the program.
While this is a great disappointment to both Datalex and the Virgin Australia teams who have worked on this project for over 18 months, the parties have reached a mutual agreement on the terms of the cancellation.
Datalex recognises that in the rapidly evolving world of airline recovery and growth, combined with digital change and investment, customers will change pace and direction from time to time.
Datalex is in the business of Transforming Airline Retail but recognise that timing is in the hands of our customers, and we respect and understand this.
David Hogarth, Chief Information Officer of Virgin Australia said: "Throughout our collaboration, both parties worked diligently to achieve shared objectives outlined in the agreement. As our strategies evolve, we have collectively agreed to conclude the contract, with mutual respect and understanding. We remain open to potential future collaborations and value the positive interactions we've had during our partnership."
ENDS
Contact information
Investor Enquiries
Neil McLoughlin, Datalex plc
+353 1 806 3500
investor.relations@datalex.com
Media Enquiries
Eavan Gannon, Powerscourt
+353 87 236 5973
About Datalex
Datalex's purpose is to transform airline retail. Datalex is a market leader in airline retail technology, offering unique products that enable airlines to drive revenue and profit as digital retailers. Datalex has a strong track record of delivering digital retail transformation for progressive airline brands worldwide.
The Group is headquartered in Dublin, Ireland, and maintains offices across Europe, the USA, China and Australia.
In 2023, Datalex was awarded the 'Great Place to Work®' and 'Best Workplaces in Tech™' certifications.
Datalex plc is a publicly listed company, on Euronext Growth, Dublin.
Learn more at www.datalex.com
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