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INFORM


WORDS MOLLY DYSON


CERTIFY AND CHROME RIVER PLAN MERGER


TRAVEL, EXPENSE AND INVOICE MANAGEMENT software providers Certify and Chrome River are to merge in a transaction valued at US$1 billion. K1 Investment Management will hold a majority


stake in the combined company, while existing shareholders – including the organisations’ founders and investment firm Bain Capital Ventures – will retain a minority interest. Initially, Certify and Chrome River will operate


independently, with separate management teams focusing on supporting their existing products. The combined organisation will collaborate on speeding up investments in technology, such as machine learning, artificial intelligence, analytics and reporting. The combined business will have 11,000 customers


across 100 countries, with solutions available in 60 languages. The merger joins Chrome River with Certify’s growing portfolio of brands, which includes Nexonia, Tallie, Abacus and Captio.


Air Europa to launch new business class


AIR EUROPA WILL LAUNCH a new business class cabin design with more capacity on its B787-9 aircraft from October. The new cabin will feature


a 1-2-1 layout to offer each passenger direct aisle access. Seats will be upholstered in leather and will convert into fully-flat beds. The in-flight meal menu in the new business class


cabin has been designed by Spanish chef Martin Berasategui. Passengers will also have access to “VIP rooms”, priority boarding and security, as well as increased bonus miles through the Air Europa SUMA loyalty programme. The redesign will bring the business class cabin from


30 to 32 seats and will be rolled out across 12 B787-9 aircraft joining the airline’s fleet over the next few years.


‘REVOLUTIONARY’ AIRCRAFT ENGINE SET FOR TESTING


A PROJECT TO CREATE the world’s first “air- breathing” hypersonic engine that could propel an aircraft from London to Sydney in around four hours is set for testing within the next 18 months. Manufacturer Reaction Engines has received endorsement for its “revolutionary” Synergetic Air-Breathing Rocket Engine (Sabre) core design by the European Space Agency (ESA) and the UK Space Agency (UKSA). The two agencies have reviewed the preliminary design of the Sabre engine that Reaction Engines will use to undertake ground-based testing at its facility in Westcott, Buckinghamshire, which is currently under construction.


26 MAY/JUNE 2019


If the engine is successful, it could also propel reusable vehicles into orbit without the need for the multiple propellant stages required for conventional rockets, meaning the concept can be applied to both in-atmosphere aircraft and space flights.


Sabre is capable of Mach 5.4 speed within the Earth’s atmosphere and Mach 25 in space, according to Reaction Engines. To put this into perspective, sound travels at Mach 1 in air. The company has raised £100 million from public and private sources over the last four years, including investment from BAE Systems, Rolls- Royce and Boeing’s venture capital arm.


buyingbusinesstravel.com


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