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MarketScreener Homepage  >  Equities  >  Nyse  >  Raytheon Technologies Corporation    RTX

RAYTHEON TECHNOLOGIES CORPORATION

(RTX)
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Raytheon Technologies : Star Air picks Collins Aerospace cloud-based solution to integrate multiple passenger processing systems

11/12/2020 | 10:28am EST

Highlights:

* With PaxLink, airlines can select from a number of modules to create a tailored solution that streamlines passenger check-in, boarding, flight load planning, online reservation sales, inventory management and distribution through online travel agencies

* PaxLink enables airlines to manage different modules of passenger services within one integrated cloud-based platform

* Streamlines operations and improves efficiency

* Manages Star Air's growing passenger base at an optimal cost with the highest reliability

SINGAPORE) - India-based Star Air is transforming its technologies for passenger processing by implementing Collins Aerospace's ARINC PaxLinkSM Passenger Service System. With this solution, Star Air can manage reservations, inventory, distribution and departure control with one integrated cloud-based system - saving time and resources associated with managing multiple systems.

With PaxLink, airlines can select from a number of modules to create a tailored solution that streamlines passenger check-in, boarding, flight load planning, online reservation sales, inventory management and distribution through online travel agencies (OTA). In addition, PaxLink kiosk integration and digital check-in minimize queues and the need for check-in desks.

'As we see more airlines modernize with digital transformations, PaxLink is a key solution in helping airlines to better manage its broad array of passenger service needs through one interface,' said Clotilde Enel'Rehel, general manager for Commercial Aviation & Network Services for Collins Aerospace. 'By integrating connectivity, Star Air can more efficiently manage its growing passenger base at a lower cost with the highest reliability.'

The scalability and flexibility of PaxLink also easily enables Star Air and other airlines to participate in the UDAN (Ude Desh ka Aam Naagrik ) scheme - a central government initiative to improve air connectivity in India and inspire more citizens to travel domestically. Star Air can now comply with all UDAN route guidelines, selling classes and fare restrictions as well as gain alignments with IATA-one order and DGCA industry regulations.

'We were looking beyond a Passenger Service System vendor - we found Collins Aerospace to be the reliable business partner who could support Star Air in our journey towards operational excellence,' said Ajay Bhatkal, chief information officer for Star Air. 'PaxLink's robust system, seamless migration and integration, together with its flexibility to be customized according to our requirements will help Star Air meet the challenges of today and demands of tomorrow.'

PaxLink is currently used by more than 20 airlines and handling agents across the world to streamline operations and improve efficiency.

About Collins Aerospace

Collins Aerospace Systems, a unit of Raytheon Technologies Corp. (NYSE: RTX), is a leader in technologically advanced and intelligent solutions for the global aerospace and defense industry. Created in 2018 by bringing together UTC Aerospace Systems and Rockwell Collins, Collins Aerospace has the capabilities, comprehensive portfolio and expertise to solve customers' toughest challenges and to meet the demands of a rapidly evolving global market. For more information, visit CollinsAerospace.com.

About Raytheon Technologies Corporation

Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With 195,000 employees and four industry-leading businesses ? Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ? the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.

About Star Air

Star Air is the aviation arm of prominent Indian business conglomerate - Sanjay Ghodawat Group that deals in more than 14 high-value business verticals ranging from Agro to Aviation, Salt to Software, E-commerce to Energy, Textiles to Mining, and much more. Incepted in January 2019, the airline has since progressively expanded its network across India, providing both scheduled and non-scheduled (Charter Services) flights. Star Air is a reputable domestic carrier renowned for delighting passengers with its comfortable and safe airline services at very affordable rates.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 63 968 M - -
Net income 2020 -2 065 M - -
Net Debt 2020 22 203 M - -
P/E ratio 2020 -47,5x
Yield 2020 2,81%
Capitalization 101 B 101 B -
EV / Sales 2020 1,93x
EV / Sales 2021 1,88x
Nbr of Employees 243 200
Free-Float 72,1%
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 83,13 $
Last Close Price 67,20 $
Spread / Highest target 33,9%
Spread / Average Target 23,7%
Spread / Lowest Target 8,63%
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Managers and Directors
NameTitle
Gregory J. Hayes Chief Executive Officer & Director
Thomas A. Kennedy Executive Chairman
Paolo C. Dal Cin Head-Operations & Supply Chain
Anthony F. O'Brien Chief Financial Officer
Mark E. Russell Head-Technology & Global Engineering
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