Cockpit Innovation News
4 articles
growth-positive
Swiss Airline Catering Company Gategroup Backs El Al's Venture Fund
Cockpit Innovation, the venture investment arm of Israel’s national carrier, received an undisclosed investment from the Swiss airline catering and shopping company. Gategroup Holding AG is joining Cockpit Innovation as an investor.
Partners
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Boeing Partners with Israel's National Carrier EL AL on Innovation
Boeing has partnered with Cockpit Innovation, the tech investment arm of EL AL Israel Airlines. Boeing has invested in Cockpits venture arm, with the aim of supporting the scale-up of technologies in the aviation and aerospace industries. This partnership will provide Boeing with access to startups in these sectors. The details of the investment were not disclosed. This partnership follows Boeings establishment of its venture capital arm, Boeing HorizonX, in 2017. Other major aerospace companies, such as Airbus and Embraer, have also set up venture arms to tap into innovation from startups.
Partners
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El Al's 'Cockpit' Program Is Like Silicon Valley in the Sky
El Al, the national carrier of Israel, has launched a program called Cockpit to partner with tech startups and bring innovative ideas to the aviation industry. The program aims to bridge the gap between startups and airlines by providing financial support and mentoring to startups with ideas that can benefit El Als customers. Cockpit has already implemented ideas such as a blanket that stays put during meals and a program that helps customers find the cheapest prices for products they need. The program is working with startups in the U.S., France, the Czech Republic, and Israel. The CEO of Cockpit, Henry Chen Weinstein, emphasizes the importance of opening doors for entrepreneurs and incubating ideas that may otherwise be discarded.
PartnersCustomers
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El Al's Cockpit Innovation teams with Lufthansa
Cockpit Innovation, the high-tech investment arm of El Al Israel Airlines, has formed a strategic partnership with Lufthansa Systems to identify and nurture aviation and travel entrepreneurship startups. Cockpit has invested in seven companies in areas such as AI, Big Data, communications, and fintech. They recently became a key investor in the second financing round of AeroCRS. Lufthansa Systems CEO expressed delight in being part of this unique collaboration for entrepreneurs.
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