News Snapshot:
The company's deal with Air China adds momentum to large contract wins over the past 16 months from Virgin Australia and EasyJet. File photograph: EPA It was meant to be a backstop. Just in case. But Dermot Desmond’s commitment of a €10 million debt facility to Datalex, since the airline retail software company sold a block of shares two years ago to repay previous loans from the billionaire, has become a lifeline. The Dublin-listed company, rocked by an accounting scandal in 2019 and the onset of Covid-19 a year later, had $8.3 million (€7.5 million) of cash in the kitty...
