Day: May 20, 2019

Jet Airways’ employees in talks to raise $700m; seek additional information from SBI Caps

May 20, 2019

Offering to ‘step in’ when needed in the Jet Airways bidding process, a group of airline’s employees in their mail to SBI Caps said they are in talks with investors to raise $700 million that will be used to revive the cash-strapped airline.  The mail, which was sent last week, was signed by representatives of JAMEWA […]

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IBS to acquire Canadian aviation software major

May 20, 2019

KOCHI: IBS Software (IBS) has entered into a multi-million-dollar agreement with Massachusetts-based Kronos Incorporated to acquire AD OPT, a market leader in aviation software that provides crew management solutions to some of the biggest airlines across the world. AD OPT founded in 1987 in Montreal by a group of mathematicians and operations research experts, was […]

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