Justin Dawes

Latest Stories

Startups

Lilium Raises $119 Million for Electric Taxi Jets

This startup funding list covers the gamut: fuel sustainability in plane and trains, short-terms rentals for business travelers, day access to luxury hotels, and planting trees in tourist areas.

Lilium Raises $119 Million for Electric Taxi Jets

Travel Technology

The Fragmented Travel Tech Industry Probably Won’t Consolidate Anytime Soon

The trick for a travel tech platform to do business with a big company is to start small, prove the service works, and then upsell.

The Fragmented Travel Tech Industry Probably Won’t Consolidate Anytime Soon

Airlines

Full Video: Breeze and Connect Airlines Discuss Startup Strategies at Skift Aviation Forum 2022

The executives of Connect Airlines and Breeze Airways say a post-economic crisis is a good time to start an airline, but the window of opportunity could be closing.

Full Video: Breeze and Connect Airlines Discuss Startup Strategies at Skift Aviation Forum 2022

News Blog

Mastercard to Invest in Fintech Company Conferma Pay Three Months After Acquisition by Sabre

Mastercard is planning to make a minority investment in Conferma Pay, a fintech company acquired earlier this year by Sabre Corporation. The new partnership with Mastercard will allow Conferma Pay to expand the use of virtual cards for business-to-business travel payments. Sabre acquired Conferma Pay for $72.5 million in August 2022, according to a filing…

Startups

Ukio Raises $28 Million for Short-Term Rentals for Remote Workers

Almost every week, a short-term rental platform or ancillary software service reports that it has raised millions. It’s almost like there’s a growing demand for their services. There were two this week, and the star is Barcelona-based Ukio.

Ukio Raises $28 Million for Short-Term Rentals for Remote Workers

Travel Technology

Economic Uncertainties Won’t Drive More Travel Tech Mergers & Acquisitions

For the best exit strategy, hold on for a couple of years until the market stabilizes. For the deal, buy now.

Economic Uncertainties Won’t Drive More Travel Tech Mergers & Acquisitions

News Blog

American Airlines Sues Sabre for 11 Years of Legal Fees

Following a legal battle that lasted 11 years, American Airlines Group wants to force defendant Sabre Corp to pay its legal fees.  U.S. law firm O'Melveny & Myers filed a lawsuit on behalf of American Airlines on Friday, saying the Texas-based global distribution system should pay American's fees. Those fees could amount to at least…

Startups

Deal Engine Raises $5.3 Million to Help Airlines Save Post-Booking

There weren't big numbers this week, but there were investments from some big-name venture capital firms: F-Prime Capital, JetBlue Ventures, Thayer Ventures, and Plug and Play.

Deal Engine Raises $5.3 Million to Help Airlines Save Post-Booking

News Blog

Hotel Tech Company Sceptre Hospitality Resources Acquires Booking Engine

A U.S. hotel tech company with equity backing has acquired a booking engine based in Ireland.  Houston-based Sceptre Hospitality Resources said Thursday that it has acquired Avvio.  The private equity firm Serent Capital made an undisclosed “significant investment” in Sceptre Hospitality Resources in 2020. The Avvio acquisition was funded through that investment, Sceptre said.  Sceptre…

Travel Technology

Travel Tech Investment Is on Unstable Ground: Here’s What Industry Pros Say

Sometimes raising investment is hard, and sometimes it's harder. But that's no reason not to move forward — a product that's strong and needed will still sell.

Travel Tech Investment Is on Unstable Ground: Here’s What Industry Pros Say