State-owned Chinese aviation distributor and IT provider, Travelsky, reported revenue of $409m (RMB 2,733.6m) and an EBITDA of $290m (RMB1,935.3m) for H1 2016. With its system handling over 251m flight bookings in six months, the results also revealed how the recent acquisition of OpenJaw Technologies for $39.4m has boosted profits. GuestLogix, the previous owner of Dublin-based OpenJaw Technologies, filed for creditor protection earlier in the year.
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
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