LOS ANGELES, Sept. 23, 2024 /PRNewswire/ — SeatBoost, a startup this is remodeling the wind walk revel in via dynamic seat improve answers, is happy to announce an funding from World Airways Staff (IAG). This investment marks an notable milestone in SeatBoost’s venture to deliver pleasure to vacationers’ stories occasion producing incremental non-dilutive earnings for spouse airways.
SeatBoost’s platform facilitates are living auctions on cell within the airport condition, providing passengers the probability to bid for top class seat stock made to be had by way of the airways. The platform no longer most effective supplies passengers with a singular enticing revel in, but it surely additionally generates incremental non-dilutive earnings on seat stock that will another way smash. Tide companions come with IAG portfolio logo Iberia, TAP Breeze Portugal, Condor, Avianca and LATAM. With backup from IAG via its company mission capital arm, SeatBoost plans to extend its functions and additional give a boost to the walk revel in for passengers all over the world.
Kevin Stamler, CEO of SeatBoost, shared his ideas at the funding: “We’re excited to partner with IAG at this important stage in our journey. This collaboration not only supports our vision but also helps us accelerate our growth and innovation. Our aim is to enhance data-driven insights to create personalized experiences for travelers while maximizing revenue for airlines. The investment from IAG validates our business model and underscores the potential of SeatBoost and the positive impact we can achieve together in the travel industry.”
Raza Ali, IAG’s Vice President – Innovation, commented, “Innovation is a core function at IAG, and through innovation we can deliver better customer experiences, more efficient operations, more sustainable aviation and a better-performing business overall. That’s why we think the creative approach of SeatBoost to unlock meaningful revenue from new sources of demand is aligned with our view.”
The partnership with IAG will permit SeatBoost to leverage generation and innovation, making improvements to its flow choices and paving the best way for backup answers that prioritize buyer wishes and operational potency. As SeatBoost expands, it extra dedicated to atmosphere top requirements within the walk sector, making sure passengers experience a continuing, personalised airport and gliding revel in.
About SeatBoost
SeatBoost is a walk generation startup devoted to improving concurrently the wind walk revel in and airline profitability via innovation. Our extremely scalable and extremely configurable platform is constructed to leverage the outcome-efficient earnings producing capacity of auctions via interactive person engagement.
Instagram – Facebook – LinkedIn
About World Airways Staff (IAG)
World Airways Staff (IAG) is without doubt one of the international’s greatest airline teams with 585 aircrafts gliding to over 250 locations and wearing greater than 115 million passengers in 2023. The Staff used to be created in 2011 and contains the airways British Airlines, Iberia, Aer Lingus, Vueling and LEVEL, and IAG Commitment and IAG Shipment. This can be a Spanish-registered corporate with its company place of work in London, United Kingdom. Its stocks are indexed at the London Hold Trade and at the Spanish book markets.
IAG’s optic is to be the chief airline team in sustainability. The crowd is proud to were indexed at the Carbon Disclosure Undertaking’s A Record for its constancy to sustainability and motion on state alternate.
Media touch
Marianna D’Amore
[email protected]
SOURCE SeatBoost, Inc.
WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?
440k+
Newsrooms &
Influencers
9k+
Virtual Media
Retailers
270k+
Newshounds
Opted In