27th Jul 2015 12:34
LONDON (Alliance News) - Investing company Vela Technologies PLC on Monday said Portr Ltd, its travel technology investee company, has signed a contract with London Gatwick Airport.
Portr owns the AirPortr on-demand airport luggage transfer service and has now launched this service in Gatwick's South Terminal. It also expects the service to go live in Gatwick's North Terminal by the end of the year.
No financial details on the contract were disclosed.
"Today's news from Portr supports our view that the AirPort model is very saleable. We look forward to Portr continuing with its expansion, aided by the 100% delivery record and the credibility of this long-term agreement," said Vela Executive Director Antony Laiker.
Shares in Vela were down 15% to 0.14 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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