<ul><li>Frumtak Ventures and Brunnur Ventures have led an €8 million investment in AviLabs, a company based in Reykjavik, Iceland, to renovate airline passenger disruption management.</li><li>The investment comes as airlines seek scalable and automated solutions like AviLabs' technology Plan3, to address disruptions that cost an estimated €60 billion in operational costs per year.</li><li>AviLabs aims to transform how airlines manage disruptions, improve efficiency, and drive cost savings in the aviation sector.</li><li>AviLabs recently launched Grounded [In Iceland], an industry summit that positioned them as an authority on passenger disruption management and a trusted partner for airlines globally.</li></ul>

Reykjavik-based AviLabs raises €8 million to renovate airline passenger disruption management

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