AeroCRS & WorldTicket join 777 Partners travel portfolio following strategic acquisitions

777 Partners | May 06, 2022

AeroCRS & WorldTicket
777 Partners, a Miami-based private investment firm with a growing aviation and travel portfolio, announced the acquisition of Tel Aviv-based AeroCRS and Copenhagen-based WorldTicket.

The addition of AeroCRS and WorldTicket to 777 Partners' travel technology portfolio supports the company's ambitious technology strategy focused on delivering solutions that create new commerce channels for travel companies and improve next-generation retailing, distribution, interlining, and passenger connectivity.

 "Changes within the travel sector have created an unprecedented opportunity for a new wave of highly disruptive companies focused on the latest retailing technology to partner with the wider travel community. We are delighted to welcome the talented AeroCRS and WorldTicket teams into the 777 family as we deliver on our exciting travel strategy through 2022 and beyond."

Joshua Wander, founder and managing partner of 777 Partners

777 Partners also leases aircraft and deploys technology solutions to its dynamic portfolio of airline investments, including Flair in Canada and the Australian start-up airline Bonza. With the 2019 acquisition of Air Black Box, an interlining technology company, the addition of AeroCRS and WorldTicket will form a new travel group offering a suite of disruptive technology products to airlines and travel companies worldwide. The acquisitions are part of 777 Partners' $100m commitment to the travel vertical and supporting the post-pandemic travel rebound and industry restructure through new disruptive technology opportunities.

Founded in 2006, Israel-based AeroCRS offers several travel-related products, including inventory management, reservations, and flight/fare management technology. The proven technology and product suite have been adopted significantly over the last two years as the aviation industry reviewed partnerships and distribution strategies. With cloud based and NDC level 4 technology at its heart, AeroCRS already hosts 90 airlines worldwide, with eight more in advanced implementation.

Meir Hadassi Turner, CEO & Founder of AeroCRS, said, "We are delighted to embark on our next exciting growth stage with 777 Partners. The adjacent synergies across the investment portfolio are significant and combined with 777's own proprietary technology and talent, we'll create a new travel group and a suite of travel solutions to support the growth and transformation of global start-up, low cost and full-service carriers of all sizes."

The acquisitions were led by Josh Wander and Steve Pasko, the founders of 777 Partners, and Adam Weiss, Chief Executive Officer of the firm's travel group who oversees all aviation and travel investments.

"Over the last two years, we have been focused on architecting and building a platform of interoperable, modular products which enable airlines, airports, and other travel companies to evolve their business models and regain control of passenger relationships by unencumbering themselves from legacy systems. These acquisitions significantly advance that effort." said Adam Weiss.

About AeroCRS
AeroCRS provides technology services and distribution connectivity to more than 90 travel companies worldwide since 2006. Its technology solutions include inventory management, yield & revenue management, fares & classes management, open API, B2C & B2B platform, fares branding, FFP, BI platform, reporting center, and many more technology services. In addition to the core software services, AeroCRS invented the AeroCRS Network. The Network is an online distribution platform for airlines based on API integrations globally to over 20 distribution channels. Any airline using the AeroCRS Network can increase sales and grow distribution reach no matter which Passenger Service System (PSS) solution it uses.

About WorldTicket
WorldTicket is a leading provider of Passenger Service Solutions (PSS) to airlines of all business models. Since 2002 the company has developed innovative and flexible airline IT solutions and is currently servicing more than 75 airlines worldwide. WorldTicket is headquartered in Copenhagen and has offices in Miami, Bangkok, Warsaw, Kyiv and Beijing. The global organization set-up allows 24/7 support for all airline customers across time zones. WorldTicket is the only PSS provider that has acquired its AOC holding airline, FlexFlight, with the IATA code W2. It allows the innovative company to sub-host any airline into the GDS without any long implementation times and upfront investments.

About 777 Partners
777 Partners is a Miami-based alternative investment firm that invests across several high-growth, attractive verticals. Founded in 2015, 777 Partners strategically invests across six broad industries: insurance; consumer and commercial finance; litigation finance; direct lending; sports, media and entertainment; and aviation. Within sports, notable investments include Genoa FC, a significant stake in Sevilla FC, one of Spain's most prestigious and successful football clubs, and the London Lions, London's only team in the British Basketball League team. Within travel, investments include AeroCRS, WorldTicket, Air Black Box and the ultra-low-cost carriers, Flair and Bonza.


Dynasty® TIG welders are the go-to machines for the Safran Nacelles Group, which manufactures thin-gauge titanium components for aerospace customers.


Dynasty® TIG welders are the go-to machines for the Safran Nacelles Group, which manufactures thin-gauge titanium components for aerospace customers.

Related News


Eviation to Supply 30 Alice All-Electric Commuter Aircrafts to Aerus

Eviation Aircraft | January 18, 2023

All-electic aircraft manufacturer, Eviation Aircraft Inc., announced yesterday that Aerus, an emerging local airline in Mexico, has signed a Letter of Intent (LOI) for its 30 Alice aircrafts. Aerus plans to use Alice for middle-mile travel across regions like Nuevo León, Tamaulipas, Coahuila, and Veracruz. This will provide underserved communities in the northern parts of the country access to convenient, carbon-free and economical air travel. With a seating capacity of 9, Alice is the world’s first flight-tested all-electric commuter aircraft. The model’s clean-sheet design is emission-free and costs significantly less to operate per flight when compared with light jets or high-end turboprops. The two magni650 electric propulsion units designed by magniX, the multinational industry leader in flight-proven electric propulsion systems, powers the Alice. As a newcomer to the aviation sector, Aerus, is committed to providing sustainable and carbon-free technology, and will launch its commercial operations this year. The company will use Monterrey Airport (MYT) as its regional hub, offering a broader flight schedule and serving routes not yet covered by other airlines. . The company’s addition of electric aircraft to its fleet will help them cut down their carbon emissions by 50% this year. Gregory Davis, President, and CEO at Eviation, said, "Just as Uber disrupted the taxi market, Alice promises to usher in 'UberAir' through the introduction of low-cost, point-to-point air travel." He added, "Our aircraft is an ideal fit for Aerus as many flights in northern Mexico are already less than 250 miles. We are always pleased to receive the endorsement of forward-thinking airlines that are keen to address the climate challenge and be part of the future of aviation." (Source: PR NewsWire) About Eviation Founded in 2015, Eviation Aircraft Inc., manufactures and develops electric aircrafts, which are eco-friendly, cost-effective, and convenient form of regional transport for operators and passengers. Its electric propulsion units, high-energy-density batteries, mission-driven energy management, and innovative airframe are designed for electric flight from the ground up. It aims to make air travel easy to use and sustainable to power the future of regional transit.

Read More


AvAir Awarded No.1 Parts Supplier of the Year Globally by Airline Economics

AvAir | January 23, 2023

For the third consecutive year, an aviation aftermarket customized inventory solution provider AvAir was awarded the No.1 position, "Parts Supplier of the Year" on Airline Economics' Aviation 100, acknowledging it as a global leader and authority in the industry. The Parts Supplier of the Year award is evaluated according to the following criteria: clients on books/new clients in the last year, parts stocked, locations/employee count, supply and timescale, ability to source, and results from the Aviation News Survey. In addition to the awards, the company also announced that it retained 100% of its employees in the Ireland and Arizona offices in 2022. Furthermore, AvAir aims to expand its inventory throughout this year and beyond with its unique financial purchasing capability. AvAir, from the past 22 years in business, offers customers and suppliers customized solutions to buy, exchange, sell, lease, loan or consign inventories with 26 million+ in-stock components. The company is certified ISO 9001, AS9120, and ASA 100 and adheres to the highest quality standards in every step, from buying, receiving, stocking, and selling to shipping the parts. "We couldn't be more excited to receive this recognition for the third year in a row. It truly is a testament to how hard our teams work to go above and beyond what our clients expect and to be a solutions-oriented provider," said Mike Bianco, CEO of AvAir. (Source: Cision) About AvAir Headquartered in Chandler, AvAir, a global leader in the aviation aftermarket, is offering customized inventory solutions for airlines for clients and suppliers to buy, sell, exchange, lease, loan or consign 26 million+ in-stock aircraft parts. The company was recognized as the Parts Supplier of the Year for three years in a row by Airline Economics, one of the top industry trade publications. It has also won the Environmental Sustainability award for two years, consecutively, from The Aviation 100 for its work on sustainability. The company abides by three core values: building integrity into every engagement, delivering customers what they are promised and valuing strong client relationships.

Read More


Gilmour Space and Atomos Space Signs MOU for Space Transport

Gilmour Space Technologies | February 28, 2023

On February 27, 2023, Gilmour Space Technologies and Atomos Space announced signing a Memorandum of Understanding (MOU) to explore a multiyear contract between Gilmour and Atomos for the mutual purchase of launch and space transportation services. The partnership between Gilmour Space Technologies and Atomos Space will entail Atomos contracting Gilmour for launch services on its Eris and upcoming orbital launch vehicles. Moreover, Atomos' Orbital Transfer Vehicles (OTVs) will offer customers in-space transportation services and launch aggregation services for multiple customer spacecraft to be launched on Gilmour vehicles. Atomos Space solves the problem of entry barriers for a satellite to enter space and difficult-to-reach orbits access by providing in-space transportation and orbit-raising services to satellites. In contrast to similar systems currently in development, Atomos' OTVs reside in space and rendezvous with client satellites in orbit. This allows the full launch volume and mass to be reserved for the cost reduction to customers, payload and enables launch vehicles like Eris to be used for a more expansive variety of missions. Adam Gilmour, CEO of Gilmour Space Technologies, said, "This new agreement with Atomos is an exciting opportunity for Gilmour." He added, "We look forward to exploring the possibility of leveraging Atomos's orbital transfer capabilities to expand our services and the flexibility of access to space to new markets and customers." (Source – Cision PR Newswire) About Gilmour Space Technologies Founded in 2013, Gilmour Space Technologies is one of the leading companies that develop and launch reliable vehicles and satellite platforms for customers worldwide. Innovative Eris orbital launch vehicles from Gilmour Space will deliver up to 305 kg to LEO, with the first commercial launch scheduled for early 2023. Since launching its rocket program in 2015, the company has become the leading provider of Australian-made launch vehicles and satellite platforms to reduce the cost of space access.

Read More