Datalex to Lose Lufthansa Tech Contract After Management Fiasco

Lufthansa aircraft shown at Germany’s Frankfurt Airport. Parent company Lufthansa Group is a major customer of Datalex, which suffered an accounting disaster in 2018 that continues to bring aftershocks. Alex Kraus / Bloomberg Skift Take: Airline tech vendor Datalex had a spectacular accounting meltdown in 2018. Lufthansa, its largest customer, wants to kill its contract. … [Read more…]

Datalex Seeks Cash Injection After Debacle on Lufthansa Tech Project

An image of Datalex’s annual report from 2015. The Dublin-based software firm had to restate its 2018 financial results because of an overly rosy estimate of how its project for its most important customer, Lufthansa Group, would progress. Datalex Skift Take: Datalex, which provides tech to help power ticket booking on airline websites, is desperate … [Read more…]