X

Wall Street News Alert Highlights Ultitek, Ltd. (UITK.OB)

Ultitek is focused on computerized airline reservation distribution systems with a strong foothold in the market. The company has the same capabilities as larger companies doing business in the global distribution systems industry.

Earlier this month the company’s subsidiary announced that it has signed an agreement with Tatarstan Airlines to provide airline distribution services. Tatarstan Airlines is an airline based in Kazan, Tatarstan, Russia and has more than twenty aircrafts providing service to 30 domestic and international cities.

The Tatarstan agreement was announced shortly after the subsidiary unveiled an agreement with Air Astana to provide airline distribution services. Air Astana is the national airline of Kazakhstan and has a modern fleet of 18 Boeing, Airbus and Fokker aircraft, and services 25 domestic and 18 international routes.

Tourism is one of the fastest growing industries and has strong potential to continue. The total number of international trips is expected to double by 2020, which offers Ultitek tremendous opportunity.

Let us hear your thoughts

Related Post