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The air taxi market prepares to take flight

TechCrunch

Partnerships with major automakers and airlines are on the rise, and CEOs have promised commercialization as early as 2024. Meanwhile, Joby’s net loss last year was $114.2 million, though, of course, neither company has brought a product to market yet. million and Archer’s was $24.8

Marketing 277
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5 tips for better business value from gen AI

CIO

What success looks like can vary widely and range from reducing a call centers escalation rates, a food distributors sales order processing time, or a professional services companys new employee onboarding time, to an airline that personalizes customer communications or a media company that provides real-time language translation.

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ZeroAvia’s hydrogen-powered vision for aviation nets $21.4 million from Amazon, Shell and Bill Gates-backed fund

TechCrunch

government to ensure that its 19-seat hydrogen-electric airplane is ready for the market by 2023. Longtime investor Shell Ventures doubled down on its commitment to ZeroAvia with this round, on the back of the company’s unique approach to integrating various proven technologies to bring hybrid hydrogen-electric flight to market.

.Net 195
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Corporate sustainability initiatives may open doors for carbon offset startups

TechCrunch

Commitments to carbon neutrality keep coming from all corners of the business world — over the past few weeks, companies ranging from the fast-casual restaurant chain Sweetgreen to the security-focused networking IT company Palo Alto Networks to the online craft retailer Etsy committed to net-zero carbon emission plans.

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Airline Consolidators Overview: Their Role, Advantages, and Key Players

Altexsoft

Flight consolidators are brokers that book airline seats in bulk at discount rates and then resell them to travel agencies. Airline consolidator business model: how it works. Most of the large consolidators appeared in the 1970-1980s when airlines had more seats than they could ever sell via travel retailers.

Airlines 113
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Fetcherr raises $12.5M to dynamically price airfare with algorithms

TechCrunch

Roy Cohen believes that there’s a severe underinvestment in tech within the airline industry, with airlines continuing to rely on legacy systems and outdated infrastructures that date back decades. “Fetcherr predicts demand using real-time, sophisticated models and automatically provides pricing recommendations.”

Airlines 184
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Airline Reporting Corporation and IATA Billing and Settlement Plan: How they Work

Altexsoft

In this article, we’ll figure out what BSP and ARC mean and — more importantly — why you should care, if you are a travel agent that wants to issue flight tickets on behalf of airlines. Sounds complicated, but in plain English, BSP is a payment mediator between airlines and travel agents. Start there and then come back.

Airlines 126