Lufthansa invests in B2B flight search firm Vayant

By Travolution
By Travolution
July 14, 2014 12:47 PM GMT

Lufthansa has become a new investor in B2B air fare search firm Vayant Travel Technologies.

The company has been funded since 2007 by a group of private investors and venture capitalists including Neveq and Cape Capital.

Lufthansa vice president global sales and key account management Christian Tillmans is joining the Vayant board of directors.

The unspecified new investment was described as part of Vayant’s development strategy “to intensify its business growth within the airline industry and support airline efforts in view of flexibility and distribution”.

Chief executive Eric Dumas said: “We are seeing a very positive reaction and traction from the market to our product ecosystem and the opportunities they present for airlines and travel companies.

“We are now looking forward to taking Vayant a step forward and we are glad to welcome Deutsche Lufthansa AG as a new shareholder of Vayant.”

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