Flight Optimization Startup Volantio Secures Investment, Partnership From Airline IT Giant
Summary
This investment comes after Volantio recently won the Amadeus Accenture Alliance Air Pitch, focused on startups innovating in aviation. Along with the investment, Volantio and Amadeus have indicated a formal technology partnership which will provide the company’s global clients access to Volantio’s booking optimization platform, Yana. “We’re always looking for ways to help our airline partners succeed by providing better travel experiences to passengers, and strongly believe in the transformational potential of Volantio’s technology,” Suzanna Chiu, Head of Amadeus Ventures, said in a statement. Airlines could be losing $80- $90 billion in lost revenue annually by flying with empty seats, estimates Volantio co-founder and CEO Azim Barodawala. Amadeus offers airlines a bevy of IT services across pricing, booking, ticketing, reservations, inventory management and more.