gategroup announces that it is to invest millions of dollars in the holdings of Cockpit Innovation, an industry venture fund that specializes in innovation projects related to the travel and aviation industries. gategroup joins major investors, EL AL and Boeing, alongside past and present partners such as JetBlue Technology, Lufthansa Systems, and more. The new investment will provide gategroup with unique access to latest market changes and trends, up-to-date technology and customer experience insights, thus helping gategroup to further customize products to passengers and enhance customer satisfaction. Cockpit´s unique expertise will also help to further accelerate innovation within gategroup.
“Our investment in Cockpit will help further position gategroup as a leader in innovation and dynamic industry initiatives “says gategroup’s CEO Xavier Rossinyol. “The projects Cockpit is involved in covers a broad area of interest and will enable us to drive forward new ideas in food, technology, process, on-board and logistics where we can further accelerate our on-going work in inflight catering and retail on board space,” he adds.
“gategroup’s investment, along with Boeing’s latest investment and EL AL’s support, will enable Cockpit to keep expanding its portfolio, while creating value for both entrepreneurs who are exposed to potential partnership with industry clients, and our partners who get access to the leading future industry technologies”, says Cockpit CEO Henry Chen Weinstein. “Partners such as gategroup, Boeing, and Lufthansa, allow us to position Cockpit as the industry’s leading technological investment and innovation Player in the travel, aviation, and aerospace fields,” he adds.