Gategroup invests in innovation venture

0

Gategroup has announced that it will invest in Cockpit Innovation, an Israeli-based industry venture fund that specializes in identifying ground-breaking innovations related to digital travel, aviation and aerospace. Other aviation industry investors and partners in the venture include Boeing and EL AL.

Cockpit Innovation was established in 2015 in Tel Aviv, Israel’s startup center, as EL AL’s hi-tech investment fund. The venture claims to be the first dedicated airline industry fund with a mission to support and invest in innovative and disruptive technologies in digital travel, aviation and aerospace.

Gategroup’s investment in Cockpit Innovation (the amount is undisclosed) is intended to help the company identify new airline and passenger needs, provide access to a number of projects and start-ups, as well as to shorten the time required for introduction to market. In short, Gategroup hopes to enhance the customer experience by providing best-in-class solutions combined with cutting-edge customization.

“gategroup is constantly seeking out groundbreaking new ideas in culinary, retail onboard and technology solutions to enhance the customer experience and bring additional value to our airline customers,” stated Gategroup CEO, Xavier Rossinyol. “Working with Cockpit Innovation will provide unparalleled access to new consumer insights and trends, as well as to a first-class network of startups worldwide to further accelerate delivery of our innovation strategy”.

Share.

About Author

mm

Alasdair joined the team in 2015 and works across a number of titles and websites for UKi Media & Events. He has been a journalist for 10 years, covering everything from travel and technology to sport and entertainment, and brings a wealth of experience, and pedantry, to the team. Away from the office, he is a celebrated snood connoisseur, determined to cycle no matter what the weather decides to hurl from the sky, and driven by a quest to find the very finest, and more importantly the next, slice of cheesecake.

Comments are closed.