November 17, 2021
Flying private is often considered the lifestyle of the rich and famous, but Brisbane startup, Monarc Global has launched an automated booking platform that will transform how the private aircraft industry operates.
The company recently closed a $500,000 seed round led by Brisbane Angels and Angel Loop, with investments from River City Labs Accelerator and Muru-d. The money is aimed at helping international expansion into the US.
While private flights still aren’t close to commercial flights in terms of flights, they can be dramatically cheaper, say on an otherwise empty return flight.
Monarc’s special sauce is their unique software which gives private aircraft operators the ability to automate their quoting processes so that brokers, agents and the public can seamlessly find, book and pay for private aircraft travel in real-time.
Monarc Global’s technology offers the private aviation industry its first equivalent to the commercial Global Distribution Systems (GDS) on which airlines and carriers currently schedule their flights. GDS allows airlines to show live availability and instant pricing variations based on demand up to 18 months ahead of flight times.
Read the full article at techAU