London -based International Airlines Group (IAG) today announced that it would invest up to $ 200 million for over five years, in high-dependent airlines, through, through, IAGI VenturesIAG’s new corporate venture arm.
Will invest in ”One of its types of its kind worldwide is one of the largest investments and one by the European Airline Group is the largest“.
George SacoThe main information, collection, services and innovative officers of IAG, the airline of innovation emphasized the organization’s commitment to lead the industry. He said: “Adoption of new technologies will improve our business and the price we produce will improve, which is why we want to work and learn from top inventors through ventureing. We are planning to work with the best start-ups and scale-ups to deal with today’s challenges by launching Ventures alongside our Accelerator ProgramThe “
Established in the 21st, IAG is an airline group that carries more than 222 million subscribers to more than 222 million customers across 5 countries every year. Spain’s leading airlines, the United Kingdom and Ireland include Ayer Lingas, British Airways, Iberia, Level and Vueling.
There are also two complementary businesses in this group: IAG Cargo and IAG loyalty. They have also reported as the first airline group committed to the worldwide net zero by 20. By the end of 2021, investments in IAG’s Sustainable Aviation Fuel (SAF) are moving forward with a total of $ 1.2 billion, and 10% airline operations with SAF by 20.
IAG will try to invest in companies across all global markets, focusing on business developed businesses that face the challenges of the maximum stress by the airline industry today.
IAG has been investing in technology-centric start-ups and scale-ups since 2017, including significant success
- Asia: A company that specializes in AII and airline operations specializing in the use of AI.
- I6: UK -based inventor using digital fuel management solutions to reduce operating costs and CO2 emissions.
- Lanzet: A fuel for commercial use in the UK is a fuel developed company.
IAGI Ventures will continue to partner with the IAG’s Acillar Program, which has been running since 2016.
The Hanger 51 Accelerator program will now be known as the IAGI Accelerator with this year’s scheme applications to launch this year’s scheme later this month.
During the program, companies design and manage a ‘price proof’ to work with experts across the group to evaluate their possibilities and test their technology under their technology.
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