$200m COVID recovery program
COVID-19 has had a substantial economic impact on the aviation industry. The capital constraints have affected plans to integrate new technology to improve the passenger experience. To help airports continue to modernise the passenger experience and optimise passenger flow, Elenium introduced its VYGR Funding Model.
This transparent, flexible and risk-free solution allows customers to upgrade their technology without upfront capital investment.
Unlike traditional per-pax fixed rate agreements, once the principle cost of the equipment is recovered, the per-pax fee is reduced to the agreed operating charge only.
If the passenger numbers are over or excess of the forecast within the contractual period, the excess will pay towards the capital cost. Once the capital cost is fully paid off, the price per-pax will decrease. Customers can enjoy the per-pax saving for the rest of the contractual period.