AIRLINES: Atlanta company’s software resolves overbooking

The parent company of British Airways and the venture arms for JetBlue and Qantas recently offered $2.6 million in financing to an Atlanta-based startup that has created software designed to end the frustration that comes from overbooked flights. Volantio has created software that contacts passengers via a mobile device days prior to their flight to ask if they would be willing to accept offers of upgrades, vouchers and frequent-flier points to give up their seat in the case of overbooking.