AirPlus International in the first quarter "settled 11 percent more business flights than last year"

and projected a "stable upward trend" for the coming months. The corporate payment specialist also posted a 2011 annual result of €30.5 million, up from €25.1 million a year earlier. It previously reported that annual settlement volume in 2011 for the first time surpassed €10 billion. The company indicated that new customer acquisition in Asia/Pacific fueled its growth.