July 31, 2019
Brisbane startup Monarc Global has launched an automated booking platform that it believes will transform how the private aircraft industry operates within Australia and soon the US. This follows the closing of a $500k seed round led by Brisbane Angels and Angel Loop, with investments from River City Labs Accelerator and Muru-d.
Their unique software 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.
Now a team of 13, Monarc Global was founded in 2017 after CEO, Founder and seasoned helicopter pilot Royce Crown was questioning why there was no live booking system for private aircraft.
Read the full article at TechInvest