French aerospace firm Safran is investing in a new company, Safety Line, specialising in analytical tools for airline operations.
Safety Line has developed a climb optimisation tool which Safran has already agreed to integrate with its own fuel-burn reduction products.
But Safran is to tighten the co-operation by acquiring a stake in Safety Line, through its corporate ventures arm.
This arm has contributed to a €3 million ($3.4 million) fund-raising effort along with ADP and Bpifrance, says Safran.
The funding, it adds, will enable Safety Line to "accelerate" its commercial and international development and recruit sufficient personnel to meet new contract demands.
Safran will have representation on Safety Line's strategic committee. Safety Line, founded in 2010, has not only developed the climb optimisation product but also has an airport operations improvements tool.
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Source: Cirium Dashboard
