November 8, 2017: Cockpit Innovation and Lufthansa Systems, a leading airline IT provider formed an exclusive strategic partnership in the realm of aviation and travel entrepreneurship. Under the new partnership, Lufthansa Systems will support startup technologies. In addition, the company will play a major role in the process of locating and selecting startups to collaborate with Cockpit, by sending experts from the company to work with the startups on significant developments.
Lufthansa Systems’ objective is to partner with promising startups in the aviation and travel industry through the Cockpit Fund activities and then connect the entrepreneurs and their ground-breaking technologies with the industry’s top airlines. Cockpit has invested so far in seven companies from a variety of fields such as AI, Big Data, communications and fintech (financial technology) that create new, high-quality value for customers and enhance the efficiency of ai0rlines and other sectors in the industry.
Henry Chen Weinstein, CEO at Cockpit, says, “The right partnerships have proved themselves as innovation catalysts. We are constantly working to expand Cockpit’s global ecosystem. The connection between Cockpit and a leader in the worldwide industry such as Lufthansa Systems is undoubtedly a major achievement on the path toward the ability to invest in and support startups that focus on additional sectors in the industry on a global scale.”
Stefan Auerbach, CEO at Lufthansa Systems, added, “We are delighted being part of this unique digital travel and aviation collaboration for entrepreneurs. The core of our company strategy is to put airlines in a perfect position for the digital future. Together, we will become true sources of potential and inspiration for innovative ideas”