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Advantage on course with Air NZ deal

By Phil Boeyen, ShareChat Business News Editor

Tuesday 5th December 2000

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Tech company Advantage (NZSE: ADV) says a deal to supply support services to Air New Zealand (NSZE: AIRVA) for the next three years is a prime example of the kind of longer-term, higher-value contracts the company is aiming for.

The contract, which is estimated to be worth up to $20 million in revenue over the next three years, has already been built into current company forecasts.

On Friday Advantage announced its full year 2001 revenues would be up to $20 million less than previously forecast, at between $90 and $100 million.

The Air NZ contract is with ADV e-Services subsidiary, Aldridge Punter, which has 110 staff and develops custom written systems as well as providing package software and ongoing support.

Air NZ says the new partnership will mean continuity of service, knowledge and value for money. The airline says it expects substantial cost-savings through consolidation of the work effort with the ability to focus on what it needs to do over the long-term.

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