Company News

American Airlines Launches Start-up Investment Fund

american_airlines_dollarLooking to start a new company?  Well, you may want to talk to American Airlines – which is currently in bankruptcy.

Astonishingly, the airline announced that it has launched a new start-up investment fund called Blue Ocean.  In a recent panel at the Consumer Electronics Show (CES), Jason Oshiokpekhai, American’s manager of business development and strategic partnerships, said that AA is looking to invest in high-growth start-ups, entrepreneurs and incubators.  Oshiokpekhai said that American Airlines is interested in fostering the start-up community because small businesses make up the airlines fastest growing customer segment – and they want to “create a conversation with (their) next best customer.”

create a conversation with our next best customer

Here’s some more travel news you can use:

  • American Airlines unveiled a new look today with brighter colors, an “updated eagle” peeking out from a ribbon, a more contemporary font, and bold red-white-and-blue stripes for its fleet’s tails.  While it’s definitely patriotic, not everyone is breaking out the apple pie over the makeover.  In fact, some say that AA now looks like a Greyhound bus.
  • Delta announced that for the first time, its SkyMiles members will have to spend a minimum number of Medallion Qualification Dollars (MQD) in 2014, on top of having a base number of miles and segments, to qualify for Medallion status in 2015.  SkyMiles members at the top SkyMiles Medallion Diamond tier would have to log 125,000 miles, wrack up 140 qualifying segments, and then spend $12,500 in 2014 to get into the program the following year.
  • Need a “braincation”?  Last month Marriott and Renaissance began testing “Braincation Zones” at eight hotels across the Caribbean and Mexico, providing guests with designated tech-free areas where they can “unplug”. The Braincation Zones are located in quiet areas with beverages, technology-free games and stress-free tips for guests to take home with them.