Meta Pixel

News and Announcements

SkyBuys champions contactless transactions in duty free.

  • Published June 15, 2020 12:00AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates
The COVID-19 pandemic has impacted almost every aspect of aviation, and when international flights resume, passengers can expect a number of significant changes.

As part of this “new norm”, as travel restrictions are removed, the SkyBuys platform and app will provide passengers with a powerful digital and contactless transaction solution when they shop for duty free during their travels.

And Sydney Airport is forecast to be the busiest international airport in the region. Working with the airport’s concessionaire Heinemann, SkyBuys will ramp up marketing with a variety of offers through its app.

Lockdown has provided SkyBuys with the opportunity to progress its Airbus project, where the world’s leading aircraft manufacturer with over 150 airline clients, now have already demonstrated the application to airline customers.

SkyBuys will continue to work with Airbus as the SkyPaas project moves from testing to live application. Additionally, SkyBuys has secured trial projects with a number of world leading brands, as well as a number of additional retail projects and has also secured a revenue-share agreement in the US with the global travel industry’s leading market research group.

About SkyBuys
Addressing a $75billion global duty-free market, early-stage technology company SkyBuys is improving travel retail. SkyBuys provides convenience, value and choice to international passengers, and new business opportunities to airlines, travel retailers and brand managers. SkyBuys delivered the PoC for its online platform and app with Airbus in Hamburg and is now working with Heinemann at Sydney Airport.
Company Updates
Forget Startups: Why Magnetic Alliance is Betting on “Boring” Mid-Market Turnarounds

While Australia’s venture capital scene spent years chasing unprofitable tech startups and speculative high-growth plays, Mark Lim was quietly taking a radically different path. The Managing Partner of Magnetic Alliance Capital sees the nation’s richest investment opportunities hiding in plain sight: inside thousands of unglamorous, profitable, but operationally sluggish mid-market businesses. Speaking on Wholesale Investor’s […]

Company Updates
The asset class where the market has no vote

Litigation funding returns are decided in a courtroom, not a cycle. Knightsbridge’s Head of Capital is careful to call that a different risk rather than a lower one, and his answer to it is spread, not concentration. Most alternative assets still answer to something. Property answers to rates. Private credit answers to defaults. Even the […]

Company Updates
The listing fee vendors pay whether the house sells or not

Australia’s property portals collect more than $2 billion a year while national listings sit flat. An Australian-built AI platform is targeting the economics, not just the interface. An Australian vendor listing a home pays a vendor-paid advertising fee on top of agency commission. Rama Dwarapudi, Founder and Chief Executive Officer of RealSearch, puts a typical […]

Join over 45,000+ sophisticated investors

Join Now