British Airways owner IAG plans to invest up to €200 million to drive aviation industry innovation following the launch of its new corporate venturing arm, IAGi Ventures.
The airline group, which also owns Iberia, Aer Lingus, LEVEL and Vueling, said its new division will direct funding to “high-potential companies shaping the future of aviation across areas including customer experience, operations and sustainability”.
The planned €200 million investment will be deployed over five years and, according to IAG, is set to be one of the largest investments of its kind globally and the biggest by a European airline group.
IAGi Ventures will target early-stage investments in companies across all global markets, focusing on start-ups…
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