Travel Capitalist Ventures (TCV) is withdrawing its investment partnership in IATA’s New Distribution Capability (NDC) innovation fund, it was announced Monday. In a statement, IATA said TCV cited “severely deteriorating global economic and market conditions affecting early stage investments” for pulling out of NDC. “The process to identify a new investment partner is underway. No NDCIF investments have been made to date,” IATA said. The announcement is a ...

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