Skift Take
Investment firm 777 Partners hasn’t only bought 68 Boeing 737 Max jets for its budget airlines. It has also been rolling up software vendors, competing with other airline tech providers.
777 Partners, an investment firm with $6 billion in assets, has been quietly buying airline software businesses that serve smaller airlines. The Miami firm has just acquired AeroCRS, a central reservation system used by about 90 passenger service and charter airlines, Skift has learned.
The companies didn’t disclose the deal terms. Tel Aviv-based AeroCRS had raised about $400,000 in a seed round of venture funding. Kiwi.com had taken a minority stake in 2018 worth approximately $7 million…