Luminance, the pioneer in Legal-Grade™ AI, today announced that US air carrier Avelo Airlines has adopted its award-winning technology to bring AI to every aspect of its contracting processes.

Confronted with the challenge of storing contracts across multiple locations and the difficulty of siloed contractual information, Avelo sought a more efficient and centralized solution. With Luminance, Avelo enjoys an AI-powered contract repository accessible to every department at the company, allowing for tailored organization of agreements according to departmental needs and greater cross-team collaboration.

Furthermore, Avelo has reported significant time savings since being able to bypass manual document review and retrieval. By automatically identifying key terms, obligations and dates in any contract in Avelo’s contract repository, Luminance helps the company to spot business risk and opportunity, as well as any potential areas of non-compliance.

Moving forward, Avelo plans to extend Luminance’s AI across teams to ensure every executed agreement is stored on the platform. The company also intends to leverage additional features like Luminance’s suite of AI-powered negotiation functionality to automate routine contract negotiations, allowing Avelo’s legal team to focus on non-standard, complex agreements that require their expertise. Avelo also plans to rollout Luminance’s Legal Helpdesk – which gives departments the ability to communicate directly with legal via a simple ticketing system – to streamline their approval process for agreements.

“We are thrilled to welcome Avelo Airlines to our growing list of aviation clients,“ said Eleanor Lightbody, CEO at Luminance. “It’s incredibly rewarding to witness the tangible benefits Avelo is already seeing across its operations, and I look forward to our continued partnership.“

About Avelo Airlines

Avelo Airlines’ purpose is to Inspire Travel by saving people time and money. The Houston-based airline offers travelers time and money-saving convenience, everyday low fares, and a refreshingly smooth, caring, and reliable travel experience. Operating a fleet of 16 Boeing Next-Generation 737 aircraft, Avelo serves 53 popular destinations across the United States, including its six bases at Los Angeles’ Hollywood Burbank Airport (BUR), Southern Connecticut’s Tweed-New Haven Airport (HVN), Orlando International Airport (MCO), the Philadelphia and Delaware Valley region’s Wilmington Airport (ILG), Raleigh-Durham International Airport (RDU), and the Bay Area’s Sonoma County Airport (STS). For more information visit AveloAir.com or the Avelo Newsroom at AveloAir.com/Newsroom.

About Luminance
Luminance is the Contract Intelligence platform that turns the language that defines a business into the intelligence it runs on. Born out of the University of Cambridge and purpose-built by AI, legal and technology experts, Luminance understands the history and context of every contract. It acts on that intelligence, proactively surfacing risk, flagging obligations, accelerating negotiations and driving action across Legal, Finance, Procurement, Sales and the wider business. It enables enterprises to learn from their contracts, while contracts learn from the enterprise, helping businesses make better decisions and move forward with confidence.