Stack Capital Holding Hopper Partners With Air Canada
21 August 2023 - 6:15PM
Stack Capital Group Inc., (TSX:STCK and STCK.WT) is pleased to
announce that Hopper, Inc. (“Hopper”), an existing portfolio
holding, has partnered with Air Canada (TSX:AC), bringing its
‘Cancel for Any Reason’ feature to Air Canada customers looking for
the flexibility to change travel plans - delivering greater peace
of mind.
For a fee, Air Canada customers can now add
‘Cancel for Any Reason’ to eligible non-refundable Standard, Flex,
Premium Economy Lowest, and Business Class Lowest fare types booked
on the Air Canada website, allowing them to easily cancel their
flight up to 24 hours before scheduled departure. Based on the
level of coverage purchased, a refund of 80% or 100% of the
original eligible booking is issued immediately to the customer’s
preferred payment method, with no additional wait time or steps
required.
“Another impressive partnership announcement –
this time with Air Canada, the largest airline in the country”,
said Jeff Parks, CEO of Stack Capital. “The ability for Hopper
Cloud to seamlessly integrate its ancillary products with
world-class businesses such as Air Canada clearly demonstrates the
value of its B2B platform, which represents a significant driver of
growth for Hopper moving forward.”
To access a copy of the Hopper announcement
please click here.
About Stack Capital
Stack Capital is an investment holding company
and its business objective is to invest in equity, debt and/or
other securities of growth-to-late-stage private businesses.
Through Stack Capital, shareholders have the opportunity to gain
exposure to the diversified private investment portfolio;
participate in the private market; and have liquidity due to the
listing of the Common Shares and Warrants on the TSX. At the same
time, the public structure also allows the Company to focus its
efforts on maximizing long-term performance through a portfolio of
high growth businesses, which are not widely available to most
Canadian investors. SC Partners Ltd. (the "Manager") has taken the
initiative in creating the Company and acts as the Company's
administrator and is responsible to source and advise with respect
to all investments for the Company.
About Hopper
Hopper is the world's fastest-growing
mobile-first travel marketplace, focused on helping customers save
money and travel better. The Hopper app has over 100 million
downloads and continues to capture market share around the world.
By leveraging massive amounts of data and machine learning, the
company has developed several unique fintech solutions that address
everything from pricing volatility to trip disruptions. Through its
B2B initiative, Hopper Cloud, the company is syndicating its
travel fintech products and inventory, providing companies that
aspire to sell travel a differentiated consumer experience and
offering. Hopper has increased its revenue 2.5X year-over-year and
now sells over $7 billion in travel and travel fintech annually. To
find out more about Hopper, visit Hopper.com.
About Air Canada
Air Canada is Canada's largest airline, the
country's flag carrier and a founding member of Star Alliance, the
world's most comprehensive air transportation network. Air Canada
provides scheduled service directly to more than 180 airports in
Canada, the United States and Internationally on six continents. It
holds a Four-Star ranking from Skytrax. Air Canada's Aeroplan
program is Canada's premier travel loyalty program, where members
can earn or redeem points on the world's largest airline partner
network of 45 airlines, plus through an extensive range of
merchandise, hotel, and car rental rewards. Its freight division,
Air Canada Cargo, provides air freight lift and connectivity to
hundreds of destinations across six continents using Air Canada's
passenger and freighter aircraft. Air Canada has committed to a net
zero emissions goal from all global operations by 2050. Air Canada
shares are publicly traded on the TSX in Canada and the OTCQX in
the US.
For more information, please visit our website
at www.stackcapitalgroup.com or contact:Brian ViveirosVP, Corporate
Development, and Investor
Relations647.280.3307brian@stackcapitalgroup.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/05a221be-20e3-4278-805c-bb9b96f000fa
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