Daily Archives: January 15, 2020

Trip.com Group collaborate with British Airways and Iberia on NDC Standard

Successful launch of Short Haul and Long Haul Additional Price Points Available for British Airways and Iberia Flights on Trip.com

British Airways

British Airways

SHANGHAI, China, Jan. 15, 2020 (GLOBE NEWSWIRE) — Trip.com Group have strengthened their partnership with British Airways and Iberia by connecting to the New Distribution Capability (NDC) and look forward to more win-win NDC collaborations in 2020.

The NDC partnership facilitates priority access to a richer and a more complete inventory from the airline as well as transparency of the shopping experience on Trip.com. It offers the travelers better content on both British Airways and Iberia flights with additional fare options on Long Haul and Short Haul Additional Price Points (LHAPP and SHAPP).

Since the partnership launch mid-2019, Trip.com has expanded the product offering, adding premium cabins and ancillaries. The first six months generated over GBP2.5million bookings on the API alone.

Trip.com Group, a leading one-stop travel service provider focuses on offering high-quality services and providing innovative solutions. Trip.com Group has gathered experience and technology, working on NDC projects since 2016, and its pioneering experiences in the industry can provide partners an up-to-date analysis and tailored solutions.

Trip.com Group has launched travel services on its Trip.com platform in 19 languages, and its far-reaching flight network has over 2 million individual flight routes connecting more than 5,000 cities around the globe. The NDC partnership enriches customer choices of air ticketing among the utilised services on the platform for overseas users, including rail ticketing, hotel reservations, car rentals and the in-destination services.

Ooi Chee Teong, Senior Director of Flight Ticket Business at Trip.com: said “We are delighted to be collaborating with British Airways and Iberia on the NDC program, and looking forward to working with them going into 2020 as our roadmap brings new features and improvements within the NDC channel. Features such as branded fares, shopping improvements and post booking support.”

“British Airways, Iberia and IAG are investing into NDC solutions and we are excited to be partners on this journey.” Senior Director Ooi added.

Rogier van Enk, British Airways’ Head of Distribution, said: “We are delighted to join forces with Trip.com signifying yet another milestone in our journey to enhancing and improving our distribution offering for customers. At the end of 2019, British Airways and Iberia achieved the International Air Transport Association (IATA) NDC Certification NDC @Scale status. The partnership is a testament to our commitment to driving mass NDC adoption and proves that the BA solution works, and is robust and scalable.”

Cliff Trotta, Iberia’s Head of Commercial Distribution and Planning commented: “Our connection with Trip.com has been built on NDC from the ground up and it has been a success from the very first day with a growing number of segments month after month. It is further proof that our exclusive NDC products are in demand and that our NDC infrastructure can scale perfectly.”

About Trip.com Group:
Trip.com Group is a leading one-stop travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group enables local partners and travelers around the world to make informed and cost-effective bookings for travel products and services, through the aggregation of comprehensive travel-related information and resources, and an advanced transaction platform consisting of mobile apps, Internet websites and 24/7 customer service centers. Founded in 1999 and listed on NASDAQ in 2003, Trip.com Group has become one of the best-known travel brands in the world, with the mission of ‘making every trip the perfect trip’.

About Trip.com:
Trip.com is a leading international online one-stop travel service provider, available in 19 languages across 23 countries and regions. Our platform combines over 1.2 million hotels in 200 countries and regions, 2 million flights connecting more than 5000 cities, and world-class 24/7 English language customer service as well as additional centers in Edinburgh, Tokyo and Seoul, ‘making every trip the perfect trip’ for our millions of customers worldwide.

About British Airways:
British Airways is the UK’s largest international airline offering more than 45 million customers a year quality, choice and convenience. Its principal place of business is London, with a significant presence at Heathrow, Gatwick and London City airports.

British Airways’ main home at Heathrow is Terminal 5, regularly voted the world’s best airport terminal in international passenger surveys.

Operating one of the most extensive international scheduled airline route networks together with its joint business agreement, codeshare and franchise partners, British Airways flies to more than 200 destinations in almost 80 countries on a fleet of around 300 aircraft. The airline is investing £6.5bn over the next five years in new aircraft, new cabins, new lounges, new food and new technology – including industry-leading WiFi.

British Airways is a founding member of the airline alliance oneworld, which serves some 1,000 destinations across the globe.

About Iberia:
Iberia is the main Spanish airline and the leading carrier on routes between Europe and Latin America. It flies to 135 destinations in 47 countries in Europe, the Americas, Africa, Middle East and Asia. Together with its subsidiary Iberia Express and its franchise partner Iberia Regional/Air Nostrum, it operates about 600 flights each day with a fleet of some 140 aircraft. It offers easy and convenient connections at its hub in T4 in Madrid-Barajas airport.

Since 2014 it ranked among the five most punctual airlines in the world, and the most the world’s most punctual airline in 2016 and 2017 according to FlightGlobal Incorporating FlightStats, while it was awarded its 4th Skytrax star in 2017.

The airline is a member of the oneworld alliance.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c4595967-7fc6-47f9-8dec-06c01b4fba85

For further information, please contact:
Trip.com Group PR pr@ctrip.com

Sundance Energy Inc. Announces Increase in Borrowing Base to $210 million

DENVER, Jan. 14, 2020 (GLOBE NEWSWIRE) — Sundance Energy Inc. (NASDAQ: SNDE) (“Sundance” or the “Company”) today announced that the Company’s bank group has completed its scheduled fall borrowing base redetermination under the Company’s senior secured revolving credit facility, resulting in unanimous approval for a borrowing base increase to $210 million with an elected commitment of $190 million presently available, and an increase in the facility’s maximum credit amount to $500 million. The Company also announced TD Securities as the new administrative agent under the revolving credit facility.

Fall 2019 Redetermination Highlights Include:

  • Maximum Credit Amount increase from $250 million to $500 million.
  • Borrowing Base increase of ~24% from $170 million to $210 million, with a $190 million elected commitment presently available.
  • Revision of maximum leverage ratio to 3.5 to 1.0, and revision of minimum interest rate coverage ratio to 1.5 to 1.0.
  • Appointment of TD Securities as Administrative Agent.

Sundance’s Chief Executive Officer, Eric McCrady, commented “We believe that receiving a significant borrowing base increase under such difficult credit market conditions is a strong vote of confidence from our bank group reflecting the quality of our premier asset base and strong balance sheet, as well as our team’s continued success in delivering outstanding well results. This borrowing base increase, in addition to our pre-existing liquidity, should provide Sundance with a considerable cushion and ability for strategic flexibility as a newly redomiciled US public company.”

About Sundance Energy Inc.

Sundance Energy Inc. (“Sundance” or the “Company”) is an independent energy exploration company located in Denver, Colorado. The Company is focused on the acquisition and development of large, repeatable oil and natural gas resource plays in North America. Current activities are focused in the Eagle Ford.  A comprehensive overview of the Company can be found on Sundance’s website at www.sundanceenergy.net

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.   These statements are identified by the use of the words “project,” “believe,” “estimate,” “expect,” “anticipate,” “intend,” “contemplate,” “foresee,” “would,” “could,” “plan,” and similar expressions that are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on management’s current expectations and beliefs concerning future developments and their potential effect on Sundance. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Sundance will be those that are anticipated. Sundance’s forward-looking statements involve significant risks and uncertainties (some of which are beyond Sundance’s control) and assumptions that could cause actual results to differ materially from Sundance’s historical experience and present expectations or projections. These include, but are not limited to, risks or uncertainties associated  with our previously completed redomiciliation (including the ability to recognize any benefits therefrom), the discovery and development of oil and natural gas reserves, cash flows and liquidity, business and financial strategy, budget, projections and operating results, oil and natural gas prices, amount, nature and timing of capital expenditures, including future development costs, availability and terms of capital and general economic and business conditions. You are cautioned not to place undue reliance on forward-looking statements contained in this press release, which speak only as of the date of this press release. Forward-looking statements also are affected by the risk factors described in Sundance’s Annual Report on Form 20-F for the fiscal year ended December 31, 2018, and those set forth from time-to-time in other filings with the SEC. Sundance undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

For more information, please contact:

John Roberts
VP Finance & Investor Relations
Tel: (720) 638-2400
Eric McCrady
Chief Executive Officer
Tel: (303) 543-5703

IHSG plunges following balance of trade deficit

Jakarta (ANTARA) – The Indonesian composite index (IHSG) of the Indonesia Stock Exchange (IDX), Jakarta, closed lower, at 42.04 points or 0.66 percent, to 6,283.37 on Wednesday, following a deficit of the balance of trade by US$300 million for the December 2019 period and US$3.2 billion throughout last year.

In the meantime, the index of the 45 most liquid stocks, or LQ45, plunged by 7.25 points, or 0.7 percent, to 1,025.07.

“After a release of Indonesia’s balance of trade (by Central Statistics Agency), IHSG dropped due to profit-taking launched by domestic investors,” Panin Securities analyst, William Hartanto, said.

Before today’s closing, 504,545 transactions worth Rp7.76 trillion were recorded on Indonesia’s stock market. Meanwhile, the market’s net foreign buy was recorded at Rp79.24 billion.

Despite the drop, IHSG was seen higher at today’s opening at 0.76 points, or 0.01 percent, to 6,326.17.

On Wednesday’s stock trading, regional markets that plunged this evening comprised Nikkei at 108.6 points or 0.45 percent to 23,916.6; Hang Seng Index weakened by 111.5 points or 0.39 percent to 28,773.6, and the Straits Times Index dropped at 13.56 points or 0.41 percent to 3,256.98.

Source: Antara News

IHSG plunges following balance of trade deficit

Jakarta (ANTARA) – The Indonesian composite index (IHSG) of the Indonesia Stock Exchange (IDX), Jakarta, closed lower, at 42.04 points or 0.66 percent, to 6,283.37 on Wednesday, following a deficit of the balance of trade by US$300 million for the December 2019 period and US$3.2 billion throughout last year.

In the meantime, the index of the 45 most liquid stocks, or LQ45, plunged by 7.25 points, or 0.7 percent, to 1,025.07.

“After a release of Indonesia’s balance of trade (by Central Statistics Agency), IHSG dropped due to profit-taking launched by domestic investors,” Panin Securities analyst, William Hartanto, said.

Before today’s closing, 504,545 transactions worth Rp7.76 trillion were recorded on Indonesia’s stock market. Meanwhile, the market’s net foreign buy was recorded at Rp79.24 billion.

Despite the drop, IHSG was seen higher at today’s opening at 0.76 points, or 0.01 percent, to 6,326.17.

On Wednesday’s stock trading, regional markets that plunged this evening comprised Nikkei at 108.6 points or 0.45 percent to 23,916.6; Hang Seng Index weakened by 111.5 points or 0.39 percent to 28,773.6, and the Straits Times Index dropped at 13.56 points or 0.41 percent to 3,256.98.

Source: Antara News

China the biggest supplier of imported goods to Indonesia in 2019

Jakarta (ANTARA) – The Central Statistics Agency (BPS) noted that China was the largest supplier of imported goods to Indonesia during the January-December 2019 period with a value of 44.58 billion US dollars, contributing 29.95 percent.

“China was the biggest supplier of imported goods to Indonesia in 2019,” BPS Head, Suhariyanto, said in Jakarta on Wednesday.

Following China, Japan was the second-largest supplier of imported goods to Indonesia with a value of 15.59 billion US dollars or 10.47 percent. Then came Thailand with an import value of 9.41 billion US dollars or 6.32 percent.

“Meanwhile, non-oil and gas imports from the ASEAN are 29,291 US dollars or 19.68 percent, while they are 12,344.5 US dollars or 8.29 percent from the European Union,” Suhariyanto said.

The cumulative value of imports from January to December 2019 was 170.72 billion US dollars, down 9.53 percent compared to the same period the previous year.

“The decline occurred in oil and gas and non-oil and gas imports, to 7.98 billion US dollars or 26.73 percent and 10 billion US dollars or 6.30 percent, respectively,” Suhariyanto said.

Suhariyanto explained that the decline in oil and gas imports was caused by the decline in all the imports of oil and gas components, namely crude oil at 3.45 billion US dollars or 37.73 percent, oil yields at 3.96 billion US dollars or 22.50 percent, and gas at 556.9 million dollars US or 18.17 percent.

Over the past 12 months, the highest value of oil and gas imports was recorded in April 2019 with a value reaching 2.235 billion US dollars, while the lowest occurred in March 2019, at 1.5 billion US dollars.

Meanwhile, the highest non-oil and gas import value was recorded in July 2019, which was 13.7 billion US dollars and the lowest in June 2019 with a value of 9.7 billion US dollars.

The import volume from January to December 2019 also decreased 5.31 percent compared to the same period the previous year.

“This condition was triggered by the decline in the volume of oil and gas imports by 16.80 percent (8,267.6 thousand tons) and non-oil and gas by 0.69 percent (849.7 thousand tons),” Suhariyanto said.

Source: Antara News