Safran announces that its fund, Safran Corporate Ventures, has invested in SkyFive as part of the company’s Series A investment round. The investment round was led by Safran Corporate Ventures together with STAR Capital, a European private equity fund manager with a track record of developing emerging infrastructure businesses.
SkyFive provides true broadband connectivity services and technology to airlines and other aircraft operators in key aviation markets worldwide, based on its patented Air-To-Ground (A2G) solution that leverages standard mobile network components. The investment marks Safran Corporate Ventures' first investment in Germany.
Breakthrough for SkyFive's global In-Flight Connectivity services
The investment round enables SkyFive to accelerate its breakthrough into the global in-flight connectivity market. By teaming up with Safran as one of the largest suppliers of aircraft systems globally, SkyFive is in a unique position to drive the paradigm shift towards A2G based true broadband services boosting the airline digitization.
Digitizing tomorrow's airplanes
Safran's investment falls firmly within the company's strategic roadmap focused on expanding digital solutions within the aviation industry:
"This technology cooperation constitutes a key milestone within Safran's strategy in offering aircraft connectivity solutions. Safran is a key player in this area and we see tremendous growth in Air-To-Ground connectivity. SkyFive's cutting edge solution will complement our current offering and set us apart from other industry players in bringing an affordable and increased level of performance to the aircraft", said Sebastien Weber, Safran Aerosystems CEO, new SkyFive board member.
"This successful Series A funding round - during the height of the COVID pandemic - is a strong endorsement of SkyFive's technological leadership and its significant market opportunity. Jointly, we foresee that aviation digitization will accelerate after the pandemic, with our true broadband in-flight connectivity becoming a strategic cornerstone for the entire industry", said Thorsten Robrecht SkyFive CEO.
Etihad Airways celebrated the inaugural flight of its iconic Airbus A380 to Japan, which touched down at Tokyo’s Narita International Airport on 18 June. The arrival marks a landmark moment for...
flydubai announced that applications are now open for its newly launched Flight Dispatcher Programme for Emirati talent. Following the MoU signed earlier this year with Emirates Aviation University, t...
Bombardier delivered the first Bombardier Global 8000 aircraft in Asia to an undisclosed customer based in Shanghai, marking an important step in the expansion of ultra-long-range busin...
De Havilland Canada announced the delivery of the first of two Twin Otter Classic 300-G aircraft to Ethiopian Airlines, Africa’s largest airline.The aircraft will support Ethiopian Airlines&rsqu...
