SURF WHILE FLYING: Australian airlines Qantas Airways Ltd and Virgin Australia Holdings Ltd said passengers can use smartphones and tablets throughout flights from Tuesday after a regulator relaxed a ban on electronic devices on planes. — Reuters
Volantio Inc, the Atlanta-based startup that helped United Airlines Inc manage its overbookings in the wake of the Dr Dao scandal last summer, is telling investors it’s cracked a seemingly impossible code: generate more money for airlines while improving customer satisfaction.
Eight months into its lifespan, the company – which helps airlines preventatively rejigger inventory by offering buyouts to flexible passengers – closed a US$2.6mil (RM10.16bil) series B funding round in February. The monetary sum is less impressive than the venture capitalists contributing to it: On board are three of the world’s biggest aviation investors, which rarely join hands: International Airlines Group (IAG), Jet Blue Technology Ventures (JTV), and Qantas Ventures.
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