Ecuadors Aviation Sector Grows After Tax Cut

Ecuadors Aviation Sector Grows After Tax Cut

Ecuador's elimination of the outgoing international air transport tax (ISD) has been praised by the International Air Transport Association (IATA) for enhancing air connectivity and stimulating tourism and cargo transport. It is projected to create 89,000 new jobs and contribute an additional $1.24 billion to GDP. This article delves into the economic rationale behind the ISD cancellation and anticipates the future development of Ecuador's aviation industry. The removal is expected to boost the country's economy and make it a more attractive destination for both business and leisure travelers.

Ozlo Secures 12M to Advance Sleep Tech Innovation

Ozlo Secures 12M to Advance Sleep Tech Innovation

Ozlo acquired Bose's sleep business, upgrading the technology and positioning itself in the mid-to-high-end market to address sleep problems. Following a successful crowdfunding campaign that raised $12 million, Ozlo is expanding globally to build a sleep ecosystem and enhance user engagement. The acquisition and funding will allow Ozlo to further develop its sleep technology, improve user experience with enhanced noise cancellation, and solidify its position in the competitive sleep tech industry. Ultimately, Ozlo aims to provide comprehensive solutions for better sleep and build lasting customer loyalty.