Monday, January 29, 2007

Kale Consultants net declines 12.18% in Dec`06 qtr

Kale Consultants reported a net decline of 12.18% to Rs 12.18 million for quarter ended Dec. 2006 as compared with Rs 13.87 million for the quarter .
During the quarter , Kale & the International Air Transport Association (IATA) announced that they will work together to bring e-freight to India. IATA has selected Kale to be the nodal agency to coordinate activities required to implement e-freight in India.
In addition to that, Kale has been selected as a finalist for the NASSCOM Innovation Awards 2006 in the category of``Business Model Innovation`` in their preliminary round held in December.
EVA Air has signed a five year contract with Kale for APEX, Kale`s industry standard proration solution. SkyTeam, the global airline alliance, has also selected Kale?s APEX as a neutral fare proration (NFP) engine for IATA?s first & final (F&F) billing service.
With this development, Kale has added the entire global airline alliance of SkyTeam including Air France, KLM, Korean Air, Alitalia, CSA, Aeromexico, and Aeroflot to its customer list. Continental Airways, NorthWest Airlines and Delta are its existing customers. All SkyTeam alliance members will now use Kale?s APEX for their F&F settlement.
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