Airline technology company Air Black Box has been acquired by 777 Partners, expanding the Miami-based investment firm’s portfolio of companies in the aviation sector.
“Air Black Box’s expert team and technology platform fits our criteria for investing in disruptive aviation companies that create efficiencies and drive revenue in areas that haven’t been fully optimised,” Juan Arciniegas, a principal of 777 Partners, said in a statement.
“In aviation’s evolving global marketplace, their technology plays a key role in achieving our shared vision for an airline industry that is more agile, flexible and profitable for all stakeholders.”
Ian Reyner, CEO of Air Black Box, said the acquisition by 777 Partners will enable the firm to bring its solution to more airlines and a broader segment of the travel industry.
Air Black Box, a platform that enables airlines to network and cross-sell with each other, is also the technology behind Value Alliance, the world’s first LCC alliance and Asia-Pacific’s largest – comprising Cebu Pacific, Cebgo, Scoot, Nok Air, NokScoot, Vanilla Air and Jeju Air.
Jeju Air, one of the founding members of the Value Alliance, in 2017 made an investment in Air Black Box Asia Pacific.