Montreal-based Airborne Mobile, a mobile media company, has raised $2 million in funding from iNovia Capital, following a management buy-out, which allowed the company to take back control from its previous majority shareholder, Japan’s Cybird Co. The capital will be used to finance three new mobile media initiatives, including an application for home buyers and real estate agents, an interactive cable TV network and a privacy application that enables users to carry out mobile phone conversations without giving out their phone numbers. The company completed the buy-out in July, at which point it restructured its operations, including laying off 27 of their 100 employees, and the discontinuation of some business units, including mobile games. Airborne’s CEO Garner Bornstein said: “This is indeed a vote of confidence in our business and our management team…After a summer of restructuring and refocusing, we have just completed the most profitable quarter in the company’s history.” Release.